NMDC - Q1FY2014 Result Preview - Angel Broking

NMDC is slated to announce its 1QFY2014 results today. We expect the company's top line to decrease by 5.1% yoy to Rs. 2,695cr on account of decrease in sales realizations. On the operating front, EBITDA margin is expected to decrease by 1,403bp yoy to 67.0%. The bottom line is expected to decrease by 19.2% yoy to Rs. 1,540cr. We maintain our Buy view on the stock with a target price of Rs. 140.

Source : Equity Bulls

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