Metals & Mining: Q1FY24 Review
Nalco’s Revenue/EBITDA/PAT missed our estimates and dropped by 16%/32%/40% YoY and by 13%/22%/33% QoQ led by a drop in the average LME Aluminium...
275 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%...
159 Views
Metals - Q1FY24 Earnings Preview
On a YoY basis, too, margins are expected to contract despite higher volumes YoY (on a low base) as HRC prices are now down by 15% YoY from the...
239 Views
SAIL - Decent Q4; Ambitious Sales Volume Target for FY24
SAIL’s EBITDA/PAT missed ours and the street's estimates on account of the higher-than-expected employee and other expenses.
259 Views
Metals - Q4FY23 Earnings Preview
Tata Steel Europe’s sales volume declined to 2.13 MT, down 11% YoY, but recovered by 7% QoQ, indicating an improving demand environment.
266 Views