SAIL may post Q3 loss at Rs 1040 cr on weak EBITDA performance

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State-run steel company Steel Authority of India (SAIL) is likely to disappoint analysts with its third quarter earnings. It may post loss of Rs 1,040 crore during the quarter against net profit of Rs 579 crore in year-ago period, according to analysts polled by CNBC-TV18. EBITDA loss, higher interest & depreciation cost may hit bottomline.

Revenue is seen falling 14 percent to Rs 9,570 crore in quarter ended December 2015 compared to Rs 11,107 crore in year-ago period.

Analysts expect volume to increase 5 percent year-on-year (up 11 percent sequentially) to 3 MT but realisations may to fall sharply on YoY and sequential basis.

They expect company to report a third consecutive EBITDA loss in Q3 due to weak realisations. Operating loss may be at Rs 600 crore for the quarter against operating profit of Rs 1,208.1 crore in corresponding quarter of last fiscal.