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Last Updated : May 27, 2015 01:40 PM IST | Source: CNBC-TV18

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.


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.

Close

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.

First Published on May 27, 2015 09:07 am
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