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ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Metals & Mining sector. The brokerage house expects Jindal Stainless Hisar to report net profit at Rs.482 crore up 78% year-on-year (down 03% quarter-on-quarter).
Net Sales are expected to increase by 17 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 3,696 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 44 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 558 crore.
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