SP Tulsian, sptulsian.com shares his view on SAIL .
Tulsian told CNBC-TV18, "I am pleased with SAIL numbers and as you have rightly analyzed just take the two scenarios- Rs 975 crore is the forex losses, Rs 509 crore in Q2 and Rs 466 now and if that is going to get reverse in Q4 so overall if we take the situation. First coming on the top-line because there has been some reduction in the selling prices as well as long during the year compare on a yoy but if I compare it on a qoq I don't think there is any kind of disappointment and as you have rightly said Rs 466 crore against Rs 33 crore that gives us a straight swing of Rs 500 crore which justifies the reduction in PAT by an equivalent amount."
He further added, "I am satisfied with EBITDA margin, 13.6%. The only correction which we are in fact seeing is more because of the run up which we have seen in the stock price in last couple of weeks where it has gone up by Rs 20 to Rs 24. So the profit booking in these kind of, one can say the flat numbers the profit booking is bound to come."
