NCC - Q1FY2014 Result Preview - Angel Broking

NCC is expected to post a subdued performance for the quarter. On the top-line front, NCC is expected to post subdued revenue growth of 2.6% to Rs. 1,511cr. EBITDA margin is expected to grow by 7bp yoy to 8.0% for the quarter. On the earnings front, we expect the net profit to grow by 10.1% yoy to Rs. 18cr. This would be primarily on account of pick-up in execution and lower base of last year. We expect interest cost of Rs. 102cr (up 9.0% yoy) owing to an elongated working capital cycle. We maintain Buy rating on the stock with the target price of Rs. 30.

Source : Equity Bulls

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