SAIL Q4 Review - Steady Performance: ICICI Direct
Sparks fly as a worker, not pictured, uses a torch to cut a metal pipe at the Steel Authority of India Ltd. (SAIL) Rourkela Steel Plant (RSP) in Rourkela district, Odisha, India. (Photographer: Dhiraj Singh/Bloomberg)  

SAIL Q4 Review - Steady Performance: ICICI Direct

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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.

ICICI Direct Report

Steel Authority of India Ltd. reported an operationally steady set of numbers wherein Ebitda/tonne came in broadly in line with our estimate.

For Q4 FY21, Ebitda/tonne was at Rs 14,145/tonne, broadly in line with our estimate of Rs 15,000/tonne (Q3 FY21 Ebitda/tonne was at Rs 12,089/tonne).

For Q4 FY21, sales volume was at 4.35 million tonne, up 16% YoY (our estimate: 4.27 million tonne).

For Q4 FY21, standalone operations reported topline of Rs 23,286 crore (up 44% YoY, 17% QoQ), higher than our estimate of Rs 22,354 crore.

Standalone Ebitda for the quarter was at Rs 6,153 crore (up 21% QoQ) versus our estimate of Rs 6,405 crore.

Click on the attachment to read the full report:

ICICI Direct SAIL Company Update.pdf

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