Tata Steel - Q4FY13 Result Preview - Angel Broking

Tata Steel is expected to report its consolidated 4QFY2013 results. We expect the company to post a muted net sales growth of 3.9% yoy to Rs. 35,323cr mainly on account of poor performance from European operations. EBITDA margin is expected to decline by 111bp yoy to 8.2%. The net profit is however expected to be increase by 16.4% to Rs. 683cr.

We maintain our Buy rating on the stock with a target price of Rs. 430.

Source : Equity Bulls

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