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    Jindal Stainless Q4 PAT seen up 55% YoY to Rs. 453 cr: ICICI Direct

    Net Sales are expected to increase by 55 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 6,056 crore, according to ICICI Direct.

    Broker Research
    April 19, 2022 / 11:41 AM IST
    Jindal Stainless (Hisar) | India Ratings assigned A/RWE to company's credit facilities.

    Jindal Stainless (Hisar) | India Ratings assigned A/RWE to company's credit facilities.

     
     
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    ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Metal & Mining sector. The brokerage house expects Jindal Stainless to report net profit at Rs. 453 crore up 55% year-on-year (up 3% quarter-on-quarter).

    Net Sales are expected to increase by 55 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 6,056 crore, according to ICICI Direct.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 48 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 804 crore.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    Broker Research
    Tags: #Brokerage Recos - Sector Report #Brokerage Results Estimates #earnings #ICICI Direct #Jindal Stainless #Metal & Mining #Result Poll
    first published: Apr 19, 2022 11:41 am

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