IDBI Capital: High Fixed Costs Hits SAIL’s Q1 Profitability

SAIL’s Q1 FY21 net sales was in-line with street estimate while its net loss was lower than street forecast, IDBI Capital says.

IDBI Capital

16 Sep 2020, 06:34 PM IST

Sparks fly inside the blast furnace unit at the SAIL plant in Rourkela, Odisha. (Photographer: Dhiraj Singh/Bloomberg)

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IDBI Capital: High Fixed Costs Hits SAIL’s Q1 Profitability

SAIL’s Q1 FY21 net sales was in-line with street estimate while its net loss was lower than street forecast, IDBI Capital says.

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