SAIL - Q4FY13 Result Preview - Angel Broking

SAIL is expected to announce its 4QFY2013 results today. We expect the company's top line to decline by 13.1% yoy to Rs. 11,640cr due to lower realisations. We expect EBITDA margin to contract by 165bp yoy to 12.3% on account of higher staff costs and other expenses. The bottom line is expected to fall by 14.9% yoy to Rs. 725cr.

We maintain our Neutral rating on the stock.

Source : Equity Bulls

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