ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects JSW Steel to report net profit at Rs. 479 crore down 77.1% year-on-year (down 52.5% quarter-on-quarter).
Net Sales are expected to decrease by 15.3 percent Y-o-Y (down 7.9 percent Q-o-Q) to Rs. 18,244.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 45.1 percent Y-o-Y (down 27.5 percent Q-o-Q) to Rs. 2,694.6 crore.
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