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.
298 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.
408 Views
Q4FY23 - Consolidated Earnings Preview
Q4FY23 earnings season was marked by weaker macro, rising interest rates, banking challenges in the US and European markets, and moderation in...
338 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).
365 Views
Metals and Mining - Q3FY23 Earnings Preview
We expect Tata steel to report revenue de-growth on both YoY/QoQ basis, led by a drop in HRC prices at India and Europe (ex-Mumbai prices down 25%...
377 Views