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Jindal Steel and Power is expected to report a profit after tax of Rs 1,006 crore in the third quarter of FY12, a growth of 5.8% as compared to Rs 951 crore in the corresponding quarter of last fiscal; and 14.9% growth as compared to previous quarter.
Motilal Oswal has come with its December quarterly earning estimates for Metals sector.
Speaking to CNBC-TV18 from the boardroom, Sushil Maroo, director -- finance of JSPL says that he expects merchant power rate to stabilise at Rs 4-4.25 per unit going ahead. "But it won't benefit us much and is a temporary phenomenon," he says.
Jindal Steel and Power (JSPL) is expected to report a rise of 2.7% YoY in profit after tax of Rs 918 crore in the quarter ended September 2011. The company had posted a profit of Rs 894.24 crore in the corresponding quarter of last fiscal.
Motilal Oswal has come out with its earning estimates on Metal sector for the quarter ended September 2011. According to the research firm, JSPL (Jindal Steel % Power) September quarter net sales are expected to go up by 33% at Rs 4100.4 crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended September 2011. According to the research firm, Jindal Steel & Power September quarter net sales are expected to go up by 24.6% at Rs 3833.6 crore, year-on-year (YoY) basis.
Sushil K Maroo, director of Jindal Steel & Power (JSPL), in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the power sales numbers will improve from third and fourth quarter onwards.
Jindal Steel & Power (JSPL) is expected to report a rise of 11% in its first quarter of FY12 consolidated profit after tax (PAT). During the period, PAT is likely to go up to Rs 1,065 crore against Rs 957 crore in the corresponding quarter of last fiscal year.
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended June 2011. According to the research firm, Jindal Steel & Power June quarter sales are expected to go up by 26.3% at Rs 3786.2 crore, year-on-year, (YoY) basis.
Jindal Steel & Power Q4 consolidated net profit was up at Rs 1,002 crore versus Rs 963 crore, YoY. Its consolidated net sales were at Rs 3,848 crore versus Rs 3,182 crore, YoY. Sushil Maroo the Group CFO of the company, in an interview on CNBC-TV18 spoke about the company's earnings results and what the road ahead looked like moving forward.
Jindal Steel and Power is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4FY11 net sales are seen up 17% at Rs 3716 crore versus Rs 3176 crore, year-on-year (YoY).
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended March 2011. According to the research firm, Jindal Steel & Power March quarter sales are expected to go up by 15.3% at Rs 2755 crore, year-on-year, (YoY) basis.