Jindal Steel & Power Q3 PAT seen up 108.5% YoY to Rs. 1,080 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 Steel & Power to report net profit at Rs. 1,080 crore up 108.5% year-on-year (down 22.1% quarter-on-quarter).

Net Sales are expected to decrease by 1.4 percent Y-o-Y (up 0.2 percent Q-o-Q) to Rs. 12,280 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.4 percent Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 2,430 crore.

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