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JSW Steel Q2FY16 Financial Review by arun_algo is a document available to read on EtoBox.

JSW Steel reported a mixed set of Q2FY16 numbers. While revenue was lower than estimates, EBITDA and PAT were higher than estimates due to better performance from subsidiaries. The report downgrades FY16E and FY17E estimates for revenue, EBITDA and EBITDA/tonne based on Q2 performance. JSW Steel maintains full-year volume growth guidance of 7% but elevated debt remains a concern. The report maintains a HOLD rating and lowers the target price to ₹950 based on a revised EV/EBITDA multiple.

Author

arun_algo

Language

EN