loader2
Login Open ICICI 3-in-1 Account

Entry Price

47.00

Target

50.00

Recommend Date

03-02-2016

Return

6.38 %
BUY

Date : 03-02-2016

Jindal Saw reported a mixed set of Q3FY16 numbers wherein the topline, EBITDA and PAT came in lower than our estimates. Pipes sales volume came in lower than our estimate. EBITDA margins, however, surprised positively during the quarter • Topline for the quarter came in at | 1077.0 crore (down 39.4% YoY, 19.9% QoQ and lower than our estimate of | 1350.5 crore). Pipes segment reported sales volume of ~146000 tonnes, lower than our estimate of ~200000 tonnes