NMDC Q4 PAT seen down 22% at Rs 1646.3 cr

Its EBITDA is seen down 27% at Rs 1989 crore versus Rs 2739 crore.

The company’s EBITDA is seen down at 76.1% versus 72.7%.

The company’s PAT is seen down 21.6% at Rs 1646.3 crore versus Rs 2098.62 crore.      

NMDC expected to underperform on account of a decline in its sales volumes and realization

Volumes: 25% plus drop (y-o-y) in volume because of breakdown in a slurry pipeline

Realisation expected to be lower by 7% YoY and 5% QoQ due to the subdued economic environment at the beginning of 4QFY12

Cut prices of iron ore fines and lumps by 20% and 3% in 4QFY2012 citing reasons such as the decline in global iron prices

PAT is likely to be supported by other income which is likely to increase sequentially and y-o-y on account of rising cash surplus

NMDC has also lowered its sales volume guidance for FY2012 and FY2013

Now expects sales volumes 30mn tonnes in FY13 vs 27mn achieved in FY12 (earlier 33mn tonnes)