Here’s what analysts expect from Jindal Steel’s Q2 earnings

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26 Aug, 2025 12:21

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Jindal Steel and Power, which reports its results on Tuesday, is expected to see subdued performance for September quarter.

Here is a gist of what brokerages are saying about the results.

Brokerage: Axis Securities | Net loss: Rs 70 crore

Axis Securities expects steel sales volume at 1.3 million tonnes, up 8% QoQ and 53% YoY due to capacity ramp-up.

“Steel realization was strong YoY at Rs 50,300/t, up 27% YoY, on strong metal upcycle, but down Rs 3000/t QoQ due to seasonality impact,” analysts at the firm wrote in their report.

Strong EBITDA is mainly due to higher volumes and better realization, they added.

Brokerage: Motilal Oswal | Net loss: Rs 60.3 crore

We estimate EBITDA to be unchanged QoQ at Rs 12,600/t, conservatively factoring in the impact of increase in domestic coal prices and likely increase in logistic cost, even as realization is higher QoQ.