Net Sales are expected to increase by 22.5 percent Y-o-Y (up 10.6 percent Q-o-Q) to Rs. 10,439.6 crore, according to Prabhudas Lilladher.
Axis Securities expects steel sales volume at 1.3 million tonnes, up 8% QoQ and 53% YoY due to capacity ramp-up.
Jindal Steel and Power (JSPL) is on our radar today after it reported its third quarter earnings. In an interview to CNBC-TV18, Naushad Akhter Ansari, CEO-Steel Business at JSPL discussed the company's Q3 performance.
The company’s consolidated net loss narrowed to Rs 499 crore during the quarter ended September 2017.
CNBC-TV18 caught up with Naushad Akhter Ansari, CEO-Steel Business of JSPL. He said that their EBITDA per tonne was flat on a sequential basis but more importantly said that deal with JSW Energy is definitely on.
JSPL is expected to post strong earnings growth led by higher steel volumes, gains from operating efficiency and deleveraging of the balance sheet.
Jindal Steel and Power's (JSPL) Q1 earnings came in better than estimates with the consolidated net loss narrowing while the power business outperformed. In an interview to CNBC-TV18, Ravi Uppal, MD & CEO of JSPL spoke about the results and his outlook for the company.
Analysts expect an improvement in Jindal Power's generation, aided by good seasonal demand. Lower coal prices and higher seasonal merchant prices may drive margins higher.
Expect higher domestic steel sales in FY18 to the tune of 6 million tonnes as compared to FY16 sales of 4.66 million tonnes, said Ravi Uppal, MD & CEO, JSPL.
Speaking to CNBC-TV18, Ravi Uppal, MD and CEO of JSPL, said that increased volumes, higher net sales realisations and reduction in costs in JSPL's steel business had helped the company put up a positive show in the third quarter.
Revenue during the quarter may increase 19 percent year-on-year to Rs 5,200 crore while operating profit may jump 87 percent to Rs 1,030 crore and margin may expand 700 basis points to 20 percent, driven by higher steel volumes and improved realisations.
Sales are expected to increase by 3.9 percent Q-o-Q (up 2.7 percent Y-o-Y) to Rs 4836.1 crore, according to ICICI Securities.
In an interview with CNBC-TV18, Ravi Uppal, MD and CEO of JSPL said that net steel relaisations took a beating in the first quarter due to weak demand and May, June have seen a sharp drop in prices.
Sales are expected to increase by 13.1 percent Q-o-Q (up 24.6 percent Y-o-Y) to Rs 5514.1 crore, according to ICICI Securities
The company is also looking to sell non-core assets worth nearly Rs 3,000 crore to deleverage its balance sheet, says Ravi Uppal, MD & CEO of Jindal Steel and Power (JSPL).
Rakesh Arora of Macquarie says the terms of the deal with JSW Energy to sell JSPL's thermal power plant at Chhattisgarh seems fairly satisfactory and beneficial to both companies.
Revenue is seen declining 10 percent to Rs 4,620 crore in second quarter compared to Rs 5,143 crore in same quarter last fiscal.
The company posted a consolidated loss of Rs 339 crore in the quarter ended June against net profit of Rs 418 crore in the same quarter last year.
Analysts believe the results are not important for the stock. According to them, the key trigger is outcome of court case pertaining to coal blocks that were won in the auction & then cancelled. Currently JSPL has not secured itself for both power and steel operations.
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.
Ravi Uppal, managing director, JSPL is confident of starting its international mines businesses by March. The company has mines in both Mozambique and Australia.
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.
MD and CEO Ravi Uppal said, "PAT has not been as good as we had in Q3 last year, reason being that we have the additional load of interest and depreciation plus the price realisation has not been as good as we had last year."
Jindal Steel & Power is set to announce its third quarter earnings today. Numbers will be driven more by power business (standalone power business and subsidiary JPL).
Net sales are seen going up 1 percent to Rs 4,645 crore in three-month period ended September 2013 from Rs 4,607 crore in a year ago period.