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.
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