Jindal Stainless Q2 PAT may dip 15.9% YoY to Rs. 650 cr: PL Capital

PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Metal & Mining sector. The brokerage house expects Jindal Stainless to report net profit at Rs. 650 crore down 15.9% year-on-year (up 0.5% quarter-on-quarter).

Net Sales are expected to increase by 0.3 percent Y-o-Y (up 4.2 percent Q-o-Q) to Rs. 9,820 crore, according to PL Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.9 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 1,220 crore.

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