BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
JSW Steel Ltd. reported a healthy set of Q3 FY21 numbers wherein topline, Ebitda and PAT came in higher than ICICI Direct estimate.
On a standalone basis, the company reported sales volume of 3.9 million tonnes (down 3% YoY, 5% YoY), broadly in line with our estimate of 4.0 million tonne.
Standalone Ebitda/tonne came in at | 14444/tonne, higher than our estimate of | 13000/tonne (10136/tonne in Q2 FY21, | 5598/tonne in Q3 FY20).
Consolidated topline came in at |21859 crore (up 13% QoQ, 21% YoY), higher than our estimate of | 20857 crore.
Consolidated Ebitda came in at | 5946 crore (up 143% YoY, 35% QoQ), higher than our estimate of | 5269 crore.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
#JSW #Steel #Performs #ICICI #Direct