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Jindal Stainless Q2 PAT seen up 284% YoY to Rs 310 cr: ICICI Direct

Net Sales are expected to increase by 32 percent Y-o-Y (up 8 percent Q-o-Q) to Rs 4,375 crore, according to ICICI Direct.

October 18, 2021 / 03:05 PM IST
Jindal Stainless (Hisar) | India Ratings assigned A/RWE to company's credit facilities.

Jindal Stainless (Hisar) | India Ratings assigned A/RWE to company's credit facilities.

 
 
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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 to report net profit at Rs 310 crore up 284% year-on-year (up 1% quarter-on-quarter).

Net Sales are expected to increase by 32 percent Y-o-Y (up 8 percent Q-o-Q) to Rs 4,375 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 85 percent Y-o-Y (up 6 percent Q-o-Q) to Rs 639 crore.

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