Steel Authority of India, SAIL is to announce its third quarter results. According to CNBC-TV18 estimates, the company Q3FY11 revenues are seen up 5.29% at Rs 11378.23 crore versus Rs 10806.17 crore, quarter-on-quarter, QoQ.
Its operating profit is seen up 30.31% at Rs 2208.63 crore versus Rs 1694.78 crore. Its net profit is seen up 35% at Rs 1468.43 crore versus Rs 1090.01 crore. Q3FY11 Expectations * Volumes to improve by 5% QoQ to 3.18 mt* Realisation per ton expected to be stable at Rs 35664/ton
* Margins to improve sequentially despite higher costs
* Expect OPM of 19.4% vs 15.68%
* Key focus areas demand & expansion project execution
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