SAIL Q3 Results Preview: Profit likely to jump 58%; revenue may rise 10%; stock trades over 4% lower

SAIL Q3 Results Preview: Zee Business research estimates expect Steel Authority of India Limited's (SAIL) standalone profit after tax (PAT) for the December quarter to soar by 58 per cent Year-on-Year (YoY) as the PSU reports its December quarter results on Monday (February 12, 2024).  

The analysts estimate the steelmaker to report Rs 735 crore profit in the quarter under review, which will be 58 per cent higher than the company's profit of Rs 464 crore in the same quarter last fiscal.
The Public Sector Undertaking's (PSU) revenue from operations is estimated to jump to Rs 27571 crore in the third quarter, which will be a 10 per cent upside from its revenue of Rs 25041 crore in the December quarter of the previous financial year.

The research team is expecting SAIL's EBITDA to jump by 34 per cent to Rs 2792 crore in Q3 from the Rs 2076 crore the company reported in the same quarter last fiscal.

Street is estimating the company's margin to go higher to 10 per cent in Q3 FY24 from 8 per cent in the year-ago period.

While the research team expects the steelmaker to report good results in its third quarter, it suggests investors keep an eye on the cost of production and debottlenecking plans.

SAIL Share Price

Ahead of the announcement of its December quarter results, the stock of SAIL was trading lower by 4.68%, or Rs 6.25, at Rs 127.40 at 11:20 am on Monday.