ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Metals & Mining sector. The brokerage house expects Jindal Stainless to report net profit at Rs.408 crore up 140% year-on-year (down 01% quarter-on-quarter).
Net Sales are expected to increase by 40 percent Y-o-Y to Rs. 5,006 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 56 percent Y-o-Y (down 01 percent Q-o-Q) to Rs. 740 crore.
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