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.
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