Jindal Steel Q4 profit may tank 98% to Rs 10 cr: Poll

Jindal Steel & Power's (JSPL) fourth quarter profit is expected to fall 98 percent year-on-year to Rs 10 crore against Rs 402.5 crore in the year-ago period, according to a CNBC-TV18 poll.

The bottomline is likely to decrease sharply due to higher depreciation and finance costs.

Total income from operations is seen falling 1 percent to Rs 5,070 crore during January-March quarter compared to Rs 5,103 crore in the same quarter last year.

However, operating profit may grow 3 percent year-on-year to Rs 1,360 crore and margin may expand 100 basis points to 27 percent in the quarter gone by.

Factors:

Steel sales volumes may come higher due to ramp-up at Angul

But realisations may come in lower as domestic steel prices have been weak

Jindal Power

-Tamnar I (1,000 MW power plant) unit remained stable

-Watch out for generation from Tamnar -2 (2400MW)

-Power sales volumes will be higher owing to commencement of Tamnar-2

-Power realisations should come in at approximately Rs 3.3/kwh

Key issues to watch out for

Outcome of coal block auction.

Chinese steel imports and import duty/safeguard duty by India.