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IDBI Capital: SAIL’s Profitability Weaker Than Expected In Q2, Net Debt Falls

While Steel Authority of India’s sales rose 34% YoY to 4.2 million tonne in Q2 FY21, its ebitda/tonne at Rs 4,518 missed estimates

An employee directs a colleague, top right, moving rolls of steel with a crane at the Steel Authority of India Ltd. (SAIL) Rourkela Steel Plant (RSP) in , Odisha, India (Photographer Dhiraj Singh/Bloomberg)
An employee directs a colleague, top right, moving rolls of steel with a crane at the Steel Authority of India Ltd. (SAIL) Rourkela Steel Plant (RSP) in , Odisha, India (Photographer Dhiraj Singh/Bloomberg)
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