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    HomeNewsBusinessEarningsJindal Stainless Q2 PAT seen up 261.3% YoY to Rs. 683.6 cr: ICICI Securities

    Jindal Stainless Q2 PAT seen up 261.3% YoY to Rs. 683.6 cr: ICICI Securities

    Net Sales are expected to increase by 90.4 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 10,360 crore, according to ICICI Securities.

    Broker Research
    October 20, 2023 / 11:16 IST
    Jindal Stainless

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    ICICI Securities has come out with its second quarter (July-September’ 24) earnings estimates for the Metals sector. The brokerage house expects Jindal Stainless to report net profit at Rs. 683.6 crore up 261.3% year-on-year (up 2.7% quarter-on-quarter).

    Net Sales are expected to increase by 90.4 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 10,360 crore, according to ICICI Securities.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 177.8 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs. 1,142.4 crore.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    ICICI_Metals

    Broker Research
    first published: Oct 20, 2023 11:07 am

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