JSPL Q3 profit seen down 52% to Rs 270 cr: Poll

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26 Aug, 2025 12:21

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Jindal Steel & Power's (JSPL) third quarter profit after tax is seen falling 52 percent year-on-year to Rs 270 crore, according to the average of estimates of analysts polled by CNBC-TV18. PAT is expected to get hit due to elevated interest cost, say analysts.

Total income is likely to decline 1 percent to Rs 5,300 crore in the quarter ended December 2014 from Rs 5,377 crore in the year-ago period.

Operating profit may fall 8 percent year-on-year to Rs 1,570 crore and margin may decline 200 basis points to 29.6 percent in the quarter gone by.

There could be a net loss during the quarter due to exceptional item of Rs 3,000 crore towards additional levy on coal mined at Rs 295 per tonne, feel analysts. Topline impacted by:-Growth in steel sales volumes from Angul steel plant offset by lower pellet sales and lower realization-Pellet sales volume could crash on iron ore availability issues-Average steel prices down 4-5 percent in Q3FY15 EBITDA is set to decline on:-Lower steel realizations and higher raw material costs due to purchase of external ore-Higher coal sourcing costPartly cushioned by:-Better earnings from Shadeed operations as well as narrowing of losses from Wollongong coal Jindal Power:-Tamnar I ((1,000 MW power plant)) unit remained stable-Watch out for generation from Tamnar-2 (2400MW) Key issues to watch out for-Outcome of coal block auction-Resolution of iron ore mining issues in the country