MOIL - Q1FY2014 Result Preview - Angel Broking

MOIL is slated to report its 1QFY2014 results today. We expect its 1QFY2014 net sales to be flat yoy at Rs. 241cr mainly on account of flat manganese ore price realizations. EBITDA margin is however expected to expand by 116bp yoy to 43.3% in 1QFY2014. Net profit is expected to increase by 4.5% yoy to Rs. 104cr. We maintain our Buy rating on the stock with a target price of Rs. 248.

Source : Equity Bulls

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