Steel Authority of India Ltd - Weak Q2, Rising Leverage Raises Concern
Management expects Net Debt to come down to Rs 30,000 Cr by FY25 end as it expects to pick up sales volume in H2FY25 post the weak H1FY25 performance.
290 Views
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.
269 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).
315 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...
434 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.
580 Views