SAIL share value falls over 3% forward of Q3 outcomes at present. Right here’s what to anticipate

Metal Authority of India (SAIL) share value traded over 3% decrease on Tuesday forward of the Q3 outcomes at present. SAIL shares fell as a lot as 3.09% to ₹101.85 apiece on the BSE.

SAIL is a Maharatna PSU firm and one of many largest metal producers in India. The board of administrators of the state-run firm will meet at present to approve the monetary outcomes for the third quarter of FY25.

“…it’s hereby knowledgeable that the assembly of the Board of Administrators of Metal Authority of India Restricted (SAIL) can be held on 11 February, 2025 at New Delhi to, inter-alia, think about, approve and tackle document the Unaudited Standalone and Consolidated Monetary Outcomes of the Firm for the Quarter and 9 Months ended 31 December, 2024,” SAIL stated in a regulatory submitting.

Analysts count on SAIL to report income development in Q3FY25 led by a rise in gross sales volumes. Nevertheless, sure analysts additionally count on the corporate to slide into losses through the quarter ended December 2025. Right here’s what to anticipate:

SAIL Q3 outcomes 2025 Preview

Axis Securities expects SAIL to report income development of 5.4% to ₹24,604 crore in Q3FY25 from ₹23,349 crore, year-on-year (YoY). The corporate’s gross sales quantity within the December quarter is anticipated to develop 21.8% YoY to 4.6 MT from 3.8 MT. Web revenue is anticipated to drop sharply by 78.3% to ₹92 crore from ₹423 crore, YoY.

“We count on income to extend YoY and keep flat QoQ led by greater gross sales quantity, partially offset by decrease HRC costs. We count on Adj. EBITDA (excluding railway provisions) to lower YoY as a result of decrease realisations partly offset by greater gross sales quantity and decrease coking coal prices. EBITDA to rise QoQ led by a restoration in gross sales volumes, partly offset by decrease realisations. EBITDA per tonne to say no YoY led by decrease gross sales realisation. On a QoQ foundation, it’s anticipated to extend led by greater gross sales quantity,” Axis Securities stated.

JM Monetary estimates realizations to say no by ₹1,200 per ton QoQ and volumes to develop by 3% to 4.2 million tons, whereas EBITDA per tonne is anticipated at ₹4,486, up 45% QoQ.

Nuvama Institutional Equities expects SAIL to slide right into a web loss through the fiscal third quarter ended December 2024. It expects adjusted EBITDA per tonne of ₹4,197, up ₹1,106 QoQ (Q2 included prior-period rail value revision profit) and reduce in coking coal price by $20 per tonne QoQ. The web realisation per tonne is anticipated to lower by ₹900 QoQ whereas quantity is prone to enhance by 4% QoQ to 4.26 MT.

Motilal Oswal believes volumes to drive development for SAIL, whereas weak ASP to tug margins. Softened coal price is anticipated to offset the affect of weak NSR. Furthermore, administration steering on debt discount roadmap and on home and worldwide metal costs and capex can be crucial.

Kotak Institutional Equities estimates SAIL’s volumes to extend 12% YoY and 4% QoQ within the quarter on a weak base. It estimates metal realizations to lower by 2.2% QoQ and by 10.3% YoY on the again of decrease HRC costs through the quarter. EBITDA per tonne is estimated to extend 49% QoQ to ₹4,609 per tonne on the again of decrease coking coal prices, partially offset by muted realizations through the quarter.

At 10:20 AM, SAIL shares had been buying and selling 2.95% decrease at ₹102.00 apiece on the BSE. 

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