Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects Jindal Steel & Power to report net profit at Rs. 1.1 crore down 99.2% year-on-year (down 104.5% quarter-on-quarter).
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.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 1,999.2 crore.
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