Jindal Steel and Power Ltd (JSPL) will report its fourth-quarter earnings on Tuesday and analysts expect the company to report a net loss this time.
- In terms of consolidated numbers, topline – there will be a growth of roughly around 18 percent approximately. The operating profit sees a bit of a decline which is why margins will see some sort of compression.
- According to CNBC-TV18’s poll, a net loss of around Rs 37 crore is expected.
- The Angul blast furnace is ramping up which is what is helping volumes. Besides that, the company’s Direct Reduced Iron (DRI) capacity as well had come back onstream. So there will be some small contribution that is expected to come in from there.
- Steel prices have been under correction and for JSPL it will be lower because close to 70 percent of JSPL’s sales are long products and the correction in long products has been far less in comparison to flat products.