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Last Updated : Jan 31, 2011 10:12 AM IST | Source: CNBC-TV18

Jindal SAW Q3 profit after tax seen down 25% at Rs 126 cr

Jindal SAW is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 25% at Rs 126 crore in third quarter of FY11 as against Rs 168 crore in same quarter the previous year.

 
 
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Jindal Saw is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 25% at Rs 126 crore in third quarter of FY11 as against Rs 168 crore in same quarter the previous year.


Revenue is seen going down by 25% to Rs 1,026 crore from Rs 1,370 crore (YoY).


Earning before interest, tax, depreciation and amortisation (EBITDA) is likely to go down by 26% at Rs 217 crore from Rs 292 crore. EBITDA margin is seen steady at 21%.


Expectations

-Expect decline in volumes due to delays in receiving new spiral pipe orders
-EBITDA expected to remain flat YoY for seamless pipes
-Expected slowdown in order inflows due to intense competition in the domestic market

First Published on Jan 31, 2011 10:11 am
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