SAIL - A  Biggest Beneficiary Of Improved Pricing: Motilal Oswal
An employee sprays water to cool the mud gun of blast furnace inside the metal blast furnace unit at the Steel Authority of India Ltd. Rourkela Steel Plant. (Photographer: Dhiraj Singh/Bloomberg)

SAIL - A Biggest Beneficiary Of Improved Pricing: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Steel Authority of India Ltd.’s result highlights strong gains from higher steel prices in the business model - Q3 FY21 Ebitda was up 147% YoY to Rs 50.8 billion, the highest ever.

Net debt also fell sharply by 12% QoQ to Rs 443.0 billion.

Spot steel prices are approximately Rs 7,000/tonne, above the Q3 FY21 average, which should drive 24% QoQ growth in Ebitda in Q4 FY21, even after factoring in wage revisions.

Click on the attachment to read the full report:

Motilal Oswal SAIL Q3FY21 Result Update.pdf


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