Jindal SAW Q3 profit after tax seen down 25% at Rs 126 cr
Jindal SAW is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 25% at Rs 126 crore in third quarter of FY11 as against Rs 168 crore in same quarter the previous year.
January 31, 2011 / 10:12 AM IST
Jindal Saw is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 25% at Rs 126 crore in third quarter of FY11 as against Rs 168 crore in same quarter the previous year.
Revenue is seen going down by 25% to Rs 1,026 crore from Rs 1,370 crore (YoY).Earning before interest, tax, depreciation and amortisation (EBITDA) is likely to go down by 26% at Rs 217 crore from Rs 292 crore. EBITDA margin is seen steady at 21%.Expectations -Expect decline in volumes due to delays in receiving new spiral pipe orders
-EBITDA expected to remain flat YoY for seamless pipes
-Expected slowdown in order inflows due to intense competition in the domestic market Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
