Weak volumes hurt 1QFY25 performance

Company
12 Aug 2024
5 Min read 
  • Alok Deora and Sonu Upadhyay estimate change in SAIL's CMP and TP.
  •  SAIL's 1QFY25 performance was impacted by weak sales volume.
  •  EBITDA increased by 35% YoY and 26% QoQ to INR22b.
  •  Management expects coking coal costs to remain flat QoQ.
  •  SAIL plans to increase its capacity to 35mtpa by FY30-31.
  •  SAIL's valuation is fully priced at current levels.
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