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Sales of Steel Authority of India are expected to increase by 21.2 percent Q-o-Q (up 15 percent Y-o-Y) to Rs 12,442.5 crore, according to Motilal Oswal.
Net sales are seen going up by 11.9 percent to Rs 11,930 crore in three-month period ended September 2013 from Rs 10,663.2 crore in a year ago period, driven by higher sales volumes.
Steel Authority of India's Q1 realisatoin is likely to report dip of around 11.5 percent Y-o-Y on account of subdued domestic steel market.
Kotak Securities expects SAIL to report a 13.3 percent degrowth quarter-on-quarter (fall of 44.4 percent year-on-year) in net profit at Rs 387.1 crore.
KR Choksey expects SAIL to report a 55 percent growth quarter-on-quarter (fall of 30 percent year-on-year) in net profit at Rs 667 crore.
Steel Authority of India (SAIL) is likely to see a fall in December quarter profits due to weak pricing and higher staff cost, say analysts. Sales may improve marginally as demand picked up towards the end of the quarter.
In an interview to CNBC-TV18, Varun Lohchab, MD & Co-Head of Research, Religare Capital Markets said that from result perspective, it will not be a great quarter especially for the steel companies.
With the September quarter earnings season just concluded, analysts are now taking stock of the numbers, and the hits and misses.
Steel Authority of India (SAIL) is to announce its second quarter results. According to CNBC-TV18‘s estimates, the company‘s Q2 sales are seen up 3.8% at Rs 11250 crore versus Rs 10836.7 crore, year-on-year, YoY.
State-owned steel manufacturer Steel Authority of India (SAIL) is set to declare its numbers for the quarter ended June 2012. Analysts on an average expect the profit after tax to go up by 17.8% year-on-year to Rs 987 crore in the first quarter of financial year 2012-13, but that is likely to fall by 37.4% quarter-on-quarter.
State-owned steel manufacturer Steel Authority of India (SAIL) is set to declare its numbers for the quarter ended June 2012. Analysts on an average expect the profit after tax to go up by 17.8% year-on-year to Rs 987 crore in the first quarter of financial year 2012-13, but that is likely to fall by 37.4% quarter-on-quarter.
Prabhudas Lilladher has come with its June quarterly earning estimates for metal & mining sector. The research firm maintain negative outlook on the sector as deteriorating demand environment raises downside risks to steel pricing.
Steel companies are likely to report a muted performance for the June quarter due to lower volumes on account of demand worsening during the quarter.
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).
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).
Motilal Oswal has come with its March quarterly earning estimates for Metals sector. As per the research firm, steel prices are expected to soften gradually due to demand slow down in China due to falling fixed asset investment.
KRChoksey has come with its quarterly earning estimates on Metals sector for March 2012. As per the research firm, steel companies are expected to be impacted by rupee depreciation resulting in surging imported coking coal prices.
Angel Broking has come with its December quarterly earning estimates for Metal sector. According to the research firm, for Q3FY12, the steel space will continue to face challenges (as witnessed in 2QFY2012) amid high raw-material costs, low demand and ongoing European debt crisis.
KRChoksey has come with its quarterly earning estimates for Metals sector.
Motilal Oswal has come with its December quarterly earning estimates for Metals sector.
Reporting a fall of 54.6%, Steel Authority of India (SAIL) posted a net profit of Rs 495 crore in the second quarter of FY12, as compared to Rs 1,090.1 crore in the corresponding quarter of last fiscal.
Steel Authority of India (SAIL) is expected to report a profit after tax of Rs 870 crore in the second quarter of FY12, a fall of 21% as compared to Rs 1,090.1 crore in the corresponding quarter of last fiscal.
Motilal Oswal has come out with its earning estimates on Metal sector for the quarter ended September 2011. According to the research firm, SAIL September quarter net sales are expected to go up by 8.3% at Rs 11705.9 crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended September 2011. According to the research firm, Steel Authority of India (SAIL) September quarter net sales are expected to go up by 4.1% at Rs 11035.5 crore, year-on-year (YoY) basis.
Angel Broking has come out with its earning estimates on metals sector for the quarter ended September 2011. According to the research firm, SAIL September quarter net sales are expected to go up by 5% at Rs 11,135 crore, year-on-year (YoY) basis.