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Jindal Stainless Hisar Q2 PAT seen up 121% YoY to Rs 374 cr: ICICI Direct

Net Sales are expected to increase by 51 percent Y-o-Y (up 25 percent Q-o-Q) to Rs 3,465 crore, according to ICICI Direct.

October 18, 2021 / 03:05 PM IST
 
 
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ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Metal & Mining sector. The brokerage house expects Jindal Stainless Hisar to report net profit at Rs 374 crore up 121% year-on-year (up 4% quarter-on-quarter).

Net Sales are expected to increase by 51 percent Y-o-Y (up 25 percent Q-o-Q) to Rs 3,465 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 63 percent Y-o-Y (up 15 percent Q-o-Q) to Rs 475 crore.

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