Jindal Stainless Q3 PAT seen up 40.7% YoY to Rs. 700 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Metals & Mining sector. The brokerage house expects Jindal Stainless to report net profit at Rs. 700 crore up 40.7% year-on-year (down 9.6% quarter-on-quarter).

Net Sales are expected to increase by 8.7 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 9,850 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 32.7 percent Y-o-Y (down 6.4 percent Q-o-Q) to Rs. 1,150 crore.

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