Steel Authority of India Q3 PAT seen up 22.5% YoY to Rs. 570 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Metals & Mining sector. The brokerage house expects Steel Authority of India to report net profit at Rs. 570 crore up 22.5% year-on-year (down 54.2% quarter-on-quarter).

Net Sales are expected to increase by 7.4 percent Y-o-Y (down 3.8 percent Q-o-Q) to Rs. 2,690 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17.2 percent Y-o-Y (up 14.8 percent Q-o-Q) to Rs. 2,430 crore.

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