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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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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