SAIL Q3 Results Preview: PSU steel giant's net profit likely to fall 78% on lower realisations, margin may shrink by 600 bps

Steel Authority of India (SAIL) is likely to report a net profit of Rs 313 crore for the quarter ended December 2022, marking a fall of 78.3 per cent compared with the corresponding period a year ago owing to lower realisations. The state-run steelmaker will report its financial results for the three-month period on Monday, February 13. 

Its revenue is estimated to come in at Rs 25,404 crore for the third quarter of the current financial year, as against Rs 25,246 crore for the year-ago period, according to the research. 

The analysts peg SAIL's margin — a key measure of profitability for businesses — to contract by 600 basis points on a year-on-year basis to eight per cent.

SAIL's EBITDA per tonne is estimated at Rs 4,625 per tonne for the three-month period, according to Zee Business research. It is expected to report Rs 1,943 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA), a fall of 43 per cent compared with the year-ago period. 

Investors will track the SAIL management's commentary on the final quarter of the current financial year closely. 

Steel Authority of India shares gained 7.6 per cent in value in the quarter ended December 2022, outperforming a 5.9 per cent return each of headline indices Sensex and Nifty50.

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