NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Jindal Steel & Power Ltd.'s revenue in Q3 FY24 was down 6% YoY at Rs 117 billion, in line with our estimate of Rs 119 billion. Alloy steels plant for the quarter stood at 64,648/tonne (down 1% YoY), which was Rs 2,932/tonne higher than our estimate of Rs 61,716/tonne.
JSPL's production for Q3 FY24 stood at 1.9 mt and sales stood at 1.8 mt (down 6% and 5%, respectively). The figures are in line with our estimated production and sales of 1.9 mt each.
Ebitda was up 20% YoY to Rs 28 billion, which was 34% above our estimate of Rs 21 billion. The beat was driven by better-than-estimated net sales realisation and lower input cost as the benefits from captive thermal coalmine started materializing.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
