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Net Sales are expected to decrease by 12.8 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 11,760 crore, according to PL Capital.
Net Sales are expected to decrease by 4.7 percent Y-o-Y (down 14.2 percent Q-o-Q) to Rs. 11,680 crore, according to PL Capital.
Net Sales are expected to decrease by 14.9 percent Y-o-Y (down 0.4 percent Q-o-Q) to Rs. 11,650 crore, according to Prabhudas Lilladher.
Net Sales are expected to decrease by 1.4 percent Y-o-Y (up 0.2 percent Q-o-Q) to Rs. 12,280 crore, according to Prabhudas Lilladher.
Net Sales are expected to decrease by 10.3 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs. 12124.6 crore, according to ICICI Securities.
Net Sales are expected to decrease by 10.3 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs. 12124.6 crore, according to ICICI Securities.
Net Sales are expected to increase by 11.2 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 13,922.7 crore, according to Motilal Oswal.
Net Sales are expected to increase by 24.4 percent Y-o-Y (down 8 percent Q-o-Q) to Rs. 13,199 crore, according to Prabhudas Lilladher.
Steel companies profitability likely to be challenged by higher coal costs, reduced prices amid lower demand. Non ferrous companies are likely to post strong performance on the back of increased prices and higher volumes.
Although overall earnings growth is expected to be strong, analysts expect it to be driven by a handful of sectors.
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).