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Prabhudas Lilladher has come out with its fourth quarter (January-March’ 24) earnings estimates for the Metal & Mining sector. The brokerage house expects Jindal Stainless to report net profit at Rs. 620 crore down 19% year-on-year (down 10.4% quarter-on-quarter).
Net Sales are expected to increase by 0.2 percent Y-o-Y (up 7.2 percent Q-o-Q) to Rs. 9,780 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3.3 percent Y-o-Y (down 11.2 percent Q-o-Q) to Rs. 1,110 crore.
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