Q3FY25 Earnings Preview - Metals and Mining
In Q3FY25, for Steel companies under our coverage, i.e. Tata Steel and SAIL, we expect EBITDA to decline YoY due to a drop in steel prices in...
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Sail - Weak Volumes and Low Realization Drag Down Earnings
For a like-to-like comparison, we have adjusted its 2QFY25 financials by excluding this one-time gain. SAIL reported a revenue of INR230b (-18% YoY...
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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.
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Top Sector Ideas - Metals and Mining (Q1FY25)
Overall consolidated revenue stood largely in line with consensus (up 8% YoY, 2% QoQ), while reported EBITDA grew by 31%/11% YoY/QoQ
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60-Year Mining Tax Battle: Supreme Court’s Final Word
​Supreme Court ruling allows States to levy cess on mining, potentially imposing hefty retrospective taxes on sector, impacting companies like Tata...
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