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Moneycontrol.com >> Message Board >> View Messages >> SAIL
   You are here :     Moneycontrol     MMB    Stocks      SAIL                         Most active discussions of 2006 , 2007 & 2008
SAIL Q1 PAT seen up 14% at Rs 1738.7 cr (1)   21-Jul-08 10:42Tracked by (0)  
Posted by:   latikav on ( 21-Jul-08 10:42 )
Price : BSE: Rs 124.60 ( 1.51 % ), NSE: Rs. 124.45 ( 1.01 % )
is to announce its first quarter numbers of FY09. According to CNBC-TV18 estimates, it is expected to post 14% growth in its profit after tax, PAT of Rs 1738.7 crore for the quarter ended June 2008 as against Rs 1525.1 crore in same quarter of last year.

Sales is seen going up by 25% at Rs 10046.5 crore from Rs 8039.5 crore. Operating profit is likely to go up 17% at Rs 3147.7 crore versus Rs 2689.8 crore. OPM is seen declining at 31.3% from 33.5%.

Factor to watch for:

Volume growth, higher realization & value addition to drive revenue growth
Average steel price during Q1FY09 higher by 18% QoQ
Captive iron ore and lower contractual coking coal prices to keep operating cost almost constant
Outlook Going Forward:

SAIL likely to increase prices by Rs 4000/ton post July
Earnings would be impacted from Q2FY09E when new contract prices of coking coal at $300/tonne ($ 98/tonne in FY08) and higher freight costs at $60/tonne ($ 35-40/tonne in FY08) becomes applicable

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positive outlook
latikav

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CNBC TV18 CNN IBN CNBC Awaaz IBN 7 IBN LOKMAT