Prabhudas Lilladher has come out with its fourth quarter (January-March’ 24) earnings estimates for the Metal & Mining sector. The brokerage house expects Jindal Steel & Power to report net profit at Rs. 1,070 crore up 130% year-on-year (down 44.5% quarter-on-quarter).
Net Sales are expected to decrease by 14.9 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs. 11,650 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.5 percent Y-o-Y (down 11.9 percent Q-o-Q) to Rs. 2,500 crore.
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