MOIL - 4QFY2013 Result Preview - Angel Broking

MOIL is slated to report its 4QFY2013 on Saturday. We expect its 4QFY2013 net sales to increase by 16.8% yoy to Rs. 236cr mainly on account of higher manganese ore price realizations. EBITDA margin is also expected to expand by 531bp yoy to 47.9% in 4QFY2013. Net profit is expected to increase by 14.1% yoy to Rs. 113cr.

We maintain our Buy rating on the stock.

Source : Equity Bulls

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