JSW Steel said the third mine started producing iron ore on December 10.
ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Metal & Mining sector. The brokerage house expects JSW Steel to report net profit at Rs 6,334 crore up 297% year-on-year (up 7% quarter-on-quarter).
Net Sales are expected to increase by 63 percent Y-o-Y (up 8 percent Q-o-Q) to Rs 31,350 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 134 percent Y-o-Y (up 1 percent Q-o-Q) to Rs 10,340 crore.
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