JSPL Q3 Review - Delivers Across The Front; Normalised Margins On A Higher Trajectory: Prabhudas Lilladher
Cooling water pours on to red hot steel slabs in the slab casting shop at a Jindal Stainless Ltd. factory in Hisar, Haryana. (Photographer: Udit Kulshrestha/Bloomberg)

JSPL Q3 Review - Delivers Across The Front; Normalised Margins On A Higher Trajectory: Prabhudas Lilladher

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Prabhudas Lilladher Report

Jindal steel and Power Ltd.’s Q3 FY21 Ebitda beat our/consensus estimates by 5%/25% on the back of strong margins.

We expect margins to further improve by Rs 2,500/tonne QoQ, led by higher prices and stable costs.

The company reduced net debt by 33%/Rs 151 billion over last five years through organic route.

Trajectory would sustain at Rs 30 billion per year for next couple of years on back of stable earnings in both steel and Jindal Power Ltd. and judicious spend on capex.

Click on the attachment to read the full report:

Prabhudas Lilladher JSPL Q3FY21 Result Update.pdf

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