Nalco - 4QFY2013 Result Preview - Angel Broking

Nalco is slated to report its 4QFY2013 results today. We expect net sales to decline by 5.5% yoy to Rs. 1,656cr mainly due to lower aluminium prices. EBITDA margin is expected to contract by 133bp yoy to 16.2% due to higher power costs. Net profit is expected to decline by 28.7% yoy to Rs. 201cr.

We recommend Neutral on the stock.

Source : Equity Bulls

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