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 volume to 3.81MT led by lower RM costs.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.