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%...
380 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.
322 Views
Sail - Decent Q3, Upgrade to BUY
Q4FY23 could see margin expansion: YTD Ex-Mumbai HRC prices are up 7%, however, HCC prices have surged by 27% (spot at $375/t).
391 Views
Sail -Weak Q2, Rising Leverage; Maintain HOLD
SAIL delivered weak numbers in Q2FY23. EBITDA fell significantly by 89%/68% YoY/QoQ to Rs 735 Cr much below ours and consensus estimate (50% miss...
275 Views
Sail - Outlook Challenging; Maintain HOLD
SAIL delivered weak numbers in Q1FY23. This was largely anticipated due to lower sales volumes owing to traders de-stocking and higher coking coal...
364 Views