• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Earnings » Results CNBC-TV18 Reports

May 29, 2012, 11.41 AM | Source: Moneycontrol.com

SAIL topline seen up 10% at Rs 13120 Cr

Steel Authority Of India Ltd (SAIL) is to announce its fourth quarter results. According to CNBC-TV18’s net sales are seen up 10% at Rs 13120 crore versus Rs 11943 crore, year-on-year (YoY).

Like this story, share it with millions of investors on M3

SAIL topline seen up 10% at Rs 13120 Cr

Steel Authority Of India Ltd (SAIL) is to announce its fourth quarter results. According to CNBC-TV18’s net sales are seen up 10% at Rs 13120 crore versus Rs 11943 crore, year-on-year (YoY).

Post Your Comments

Share Cancel

Nigel D'Souza, CNBC-TV18
By Nigel D'Souza, CNBC-TV18

Steel Authority Of India Ltd (SAIL) is to announce its fourth quarter results. According to CNBC-TV18’s net sales are seen up 10% at Rs 13120 crore versus Rs 11943 crore, year-on-year (YoY).

EBITDA is seen up 2% at Rs 2278.1 crore versus Rs 2143.9 crore.

EBITDA margins seen at 16.7% versus 18%.

The company’s PAT is seen down 17.4% at Rs 1265 crore versus Rs 1530.6 crore.

Keep an eye out for write Back of Forex Loss as rupee slightly strengthened in Q4FY12

In Q3FY12, PAT was hampered due to forex loss of Rs 466.3cr

Taking the total notional loss for 9 mnths to Rs.986.7cr..part of this is likely to get reversed in Q4FY12

Volumes:

Sales volume is expected to increase 23% QoQ and up 2% y-o-y to 3.2m tons in a seasonally strong quarter
In Jan-Feb 12, SAIL had sold approx 2m tons

Realizations:

Avg realization expected to come in up 1-2% q-o-q basis and up 6% y-o-y
Domestic steel pricing showed an uptrend in 4QFY12 as long and flat prices increased by 5% and 2% QoQ respectively

Avg Realizations upside will be restricted on account of higher percentage of semis in the sales mix

EBITDA to improve sequentially(Margins to expand in absence of forex loss)

EBITDA margins are likely to remain flattish sequentially

EBITDA/t is expected to increase to USD 132 on account of better realisations, higher volume and low cost of raw material

Employee costs will rise QoQ led by wage hike provision for 50% of employee cost

Expect a reversal of MTM forex loss to the tune of Rs 400 crore

EBITDA/ton was suppressed in 3QFY12 due to forex loss of INR4.7b on deferred payments for imported input

Power and fuel expenses are expected to remain at elevated levels till the coke oven batteries at Bhilai restart

PAT: Other income to decline on lower cash and cash equivalent levels

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
SAIL topline seen up 10% at Rs 13120 Cr

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login