Sail - Downgrade to HOLD Amidst Weak Steel Prices and Rising Debt
Spreads to contract in Q2FY25: Blended coking coal consumption cost fell to Rs 23,000/t in Q1 and will be flat QoQ in Q2.
164 Views
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).
184 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...
270 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.
461 Views
Top Sector Ideas - Metals and Mining (Q1FY25)
Overall consolidated revenue stood largely in line with consensus (up 8% YoY, 2% QoQ), while reported EBITDA grew by 31%/11% YoY/QoQ
135 Views