JSW Steel - Q4FY13 Result Preview - Angel Broking

JSW Steel is slated to announce its 4QFY2013 results today. We expect its standalone net sales to decline by 7.7% yoy to Rs. 8,779cr mainly on account of lower realizations. The operating margin is expected to contract by 240bp yoy to 15.0% mainly on account of higher costs. Net profit is also expected to decrease by 51.0% yoyto Rs. 271cr.

We maintain our Neutral view on the stock.

Source : Equity Bulls

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