NCC - Q4FY13 Result Preview - Angel Broking

NCC is expected to post a modest performance for the quarter. It is expected to post a revenue growth of 7.1% yoy to Rs. 1,879cr while EBITDA margin is expected to witness an expansion of 269bp yoy to 8.5% for the quarter. On the earnings front, we expect net profit of Rs. 45cr, an increase of 317.6% yoy. This would be primarily on account of pick up in execution and lower base of last year. We expect interest cost to jump by 4.7% yoy to Rs. 103cr owing to an elongated working capital cycle.

We maintain Buy rating on the stock with a target price of Rs. 45.

Source : Equity Bulls

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