SAIL Q2 PAT may dip 23.9% YoY to Rs. 940 cr: PL Capital

PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Metal & Mining sector. The brokerage house expects SAIL to report net profit at Rs. 940 crore down 23.9% year-on-year (up 8735.2% quarter-on-quarter).

Net Sales are expected to decrease by 5.9 percent Y-o-Y (up 9.6 percent Q-o-Q) to Rs. 26,310 crore, according to PL Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 47.4 percent Y-o-Y (up 40.8 percent Q-o-Q) to Rs. 3,120 crore.

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