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

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.

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