SAIL Q4 Results Preview: Net Profit Likely to Nearly Halve, Margin May Shrink by 270 bps
May 24, 2023 01:00:47 PM
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.
By Paul Ploumis
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
