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
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