
1 month, 2 weeks ago
SAIL share price falls over 3% ahead of Q3 results today. Here’s what to expect
Live MintSteel Authority of India share price traded over 3% lower on Tuesday ahead of the Q3 results today. “We expect revenue to increase YoY and stay flat QoQ led by higher sales volume, partially offset by lower HRC prices. EBITDA to decrease YoY due to lower realisations partly offset by higher sales volume and lower coking coal costs. JM Financial estimates realizations to decline by ₹1,200 per ton QoQ and volumes to grow by 3% to 4.2 million tons, while EBITDA per tonne is expected at ₹4,486, up 45% QoQ. EBITDA per tonne is estimated to increase 49% QoQ to ₹4,609 per tonne on the back of lower coking coal costs, partially offset by muted realizations during the quarter.
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