SAIL may post Q2 loss at Rs 589 cr, revenue may fall 20%

Revenue may fall 20 percent to Rs 9,400 crore from Rs 11,679 crore during same period. Operating loss may be at around Rs 130 crore against operating profit of Rs 1,336.8 crore year-on-year.

November 06, 2015 / 12:05 IST

live

bselive
nselive

Volume

Todays L/H

Steel Authority of India's (SAIL) July-September quarter earnings are expected to be dismal on lower volumes and weak realisations. The steel manufacturing company is expected to post a loss of Rs 589 crore during the quarter against profit of Rs 649.5 crore, according to analysts polled by CNBC-TV18.

Revenue may fall 20 percent to Rs 9,400 crore from Rs 11,679 crore during same period. Operating loss may be at around Rs 130 crore against operating profit of Rs 1,336.8 crore year-on-year.

Analysts expect volumes to fall 5 percent to 2.75 million tonne and realisations to decline 12 percent year-on-year.

first published: Nov 6, 2015 12:05 pm

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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347