SAIL Q4 PAT seen down 17% at Rs 1265cr
SAIL (STEEL AUTHORITY OF INDIA LTD) 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).
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).
Its EBITDA is seen up 2% at Rs 2278.1 crore versus Rs 2143.9 crore.Its EBITDA is 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 Q4FY12In 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 tonsRealizations: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 respectivelyAvg Realizations upside will be restricted on account of higher percentage of semis in the sales mixEBITDA to improve sequentially(Margins to expand in absence of forex loss)EBITDA margins are likely to remain flattish sequentiallyEBITDA/t is expected to increase to USD 132 on account of better realisations, higher volume and low cost of raw materialEmployee costs will rise QoQ led by wage hike provision for 50% of employee costExpect a reversal of MTM forex loss to the tune of Rs 400 croreEBITDA/ton was suppressed in 3QFY12 due to forex loss of INR4.7b on deferred payments for imported inputPower and fuel expenses are expected to remain at elevated levels till the coke oven batteries at Bhilai restartPAT:
Other income to decline due to lower cash and cash equivalent levels Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
