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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.
According to Prabhudas Lilladher, Jindal Steel & Power to report a 47 percent growth quarter-on-quarter (down 19 percent Y-o-Y) in net profit at Rs 726.7 crore.
In an interview with CNBC-TV18, Ravi Uppal, managing director, JSPL confirmed of having taken an in-principle node for the buyback programme. “We are confident of having the ability to go ahead with the buyback,†said Uppal.
JSPL's EBITDA margins are likely to shrink to 28.7 percent against 33.6 percent in June quarter
JSPL reported an improvement in their plant load factor (PLF) from 81 percent to 99.5 percent in fourth quarter-ended March on a quarter-on-quarter basis.
Jindal Steel & Power is set to announce its fourth quarter results today. According to CNBC-TV18's estimates, the company's Q4FY13 net sales is seen down 6 percent at Rs 5125 crore versus Rs 5465 crore, year-on-year.
Jindal Steel & Power is set to declare its third quarter results on Tuesday. Analysts on an average expect profit after tax of the company to fall by 5.3 percent year-on-year to Rs 944 crore in the quarter, impacted by higher depreciation and interest cost, according to CNBC-TV18 poll.
Director and group CFO Sushil K Maroo said, margins in the steel division improved on the back of better product mix and its inventory rose by 4% on a quarterly basis.
Jindal Steel and Power's (JSPL) profit after tax is likely to increase 2.6 percent year-on-year to Rs 898 crore in the second quarter of current financial year.
In an interview with CNBC-TV18, Sushil K Maroo, Director & Group CFO of JSPL said the disappointing performance of the power division was mainly because of the fact that demand was lower and supply was higher. This weighed on power realisations and it was lower than what it should have been.
Naveen Jindal's flagship company Jindal Steel and Power (JSPL) is set to declare its first quarter earnings today. Analysts on an average expect profit after tax to grow by 17.5% year-on-year to Rs 1,080 crore in the quarter ended June 2012.
Naveen Jindal's flagship company Jindal Steel and Power (JSPL) is set to declare its first quarter earnings today. Analysts on an average expect profit after tax to grow by 17.5% year-on-year to Rs 1,080 crore in the quarter ended June 2012.
Prabhudas Lilladher has come with its June quarterly earning estimates for metal & mining sector. The research firm maintain negative outlook on the sector as deteriorating demand environment raises downside risks to steel pricing.
Jindal Steel and Power (JSPL) is expected to report a growth of 9.2% year-on-year and 9.7% quarter-on-quarter in its profit after tax of Rs 1,093.8 crore for the fourth quarter of FY12, according to CNBC-TV18.
Motilal Oswal has come with its March quarterly earning estimates for Metals sector. As per the research firm, steel prices are expected to soften gradually due to demand slow down in China due to falling fixed asset investment.
Demand for steel has weakened, says Sushil Maroo, director and group CFO of JSPL. However, he said prices are stable because of low supply.