Steel Authority of India - Decent Q4FY24, Input Costs Remain Benign
Volume guidance: In FY25, steel production guidance is 20+ MT (18.4 MT in FY24) and sales volume target is 19 MT (17 MT in FY24).
178 Views
Sail - Lower Sales Volume Drives Miss, Input Costs Remain Benign
SAIL’s Q3FY24 numbers missed our estimates on account of a miss in sales volumes. EBITDA increased by 3% YoY despite an 8% drop in saleable steel...
267 Views
Sail - Robust Q2; Project Execution Key Risk in the Medium to Long Term
EBITDA improved to Rs 3,875 Cr, up 427%/135% YoY/QoQ, a 38%/61% beat against ours and consensus, mainly led by higher topline.
458 Views
Sail - Next Phase of Capex Raises Concerns
Revenue stood at Rs 24,359 Cr, (up 1% YoY, down 16% QoQ) a slight beat of 1% against our estimate due to slightly higher sales realisation, ~2%...
154 Views
Metals - Q1FY25 Earnings Preview
For Steel companies under our coverage, EBITDA/t is expected to increase on a YoY basis, led by higher metal sales volumes YoY and lower coking...
169 Views