Prabhudas Lilladher has come out with its fourth quarter (January-March’ 24) earnings estimates for the Metal & Mining sector. The brokerage house expects JSW Steel to report net profit at Rs. 45,630 crore down 56.4% year-on-year (down 33.9% quarter-on-quarter).
Net Sales are expected to decrease by 2.8 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 45,630 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 22 percent Y-o-Y (down 13.7 percent Q-o-Q) to Rs. 620 crore.
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