Jindal Steel & Power Ltd - Q3FY14 - First Cut - Microsec

Jindal Steel & Power Ltd announced its Q3FY14 consolidated results on 28th January, 2014.

The company surpassed the consensus estimates on revenue and EBITDA front, but missed it on the bottom-line front. The company's net sales arrived at INR5335.79 crore, which was up by 13.93% YoY and 7.81% QoQ. The company's EBITDA for the quarter was INR1700.69 crore, which was down by 4.97% YoY, but up by 16.71% QoQ. The company registered net profit excl exceptional items of INR561.51 crore, which was down by 35.26% YoY, but up by 24.11% QoQ.

At the CMP of INR259 per share, the stock is trading at EV/EBITDA of 8.67x its TTM EBITDA of INR6051.99 crore.

Source : Equity Bulls

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