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Steel News May 24, 2023 01:00:47 PM

SAIL Q4 Results Preview: Net Profit Likely to Nearly Halve, Margin May Shrink by 270 bps

Paul Ploumis
ScrapMonster Author
Its consolidated revenue is likely to drop 3.4 per cent to Rs 29,718 crore compared with the corresponding period a year ago, according to the research.

SAIL Q4 Results Preview: Net Profit Likely to Nearly Halve, Margin May Shrink by 270 bps

SEATTLE (Scrap Monster): Steel Authority of India Ltd (SAIL) is all set to report its financial results for the quarter ended March 2023. Analysts expect the state-run steelmaker to report a weak quarterly performance with a steep fall in the EBITDA per tonne — a key measure of profitability for metal and alloy producers. According to Zee Business research, SAIL’s quarterly standalone net profit is estimated at Rs 1,244 crore — which translates to a fall of 48.6 per cent on a year-on-year basis. 

Its consolidated revenue is likely to drop 3.4 per cent to Rs 29,718 crore compared with the corresponding period a year ago, according to the research. The alloy maker is estimated to report Rs 3,355 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) for the three-month period, as against Rs 4,331 crore for the year-ago quarter. 

Courtesy: www.zeebiz.com

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