- 24 May 2022
- ICICIdirect Research
SAIL reports healthy performance in Q4FY22
SAIL - 130 Change: 3.19 (2.51 %)News: For Q4FY22, SAIL reported standalone revenue of Rs. 30578 crore, up 32% YoY, 22% QoQ, broadly in line with our estimate of Rs. 30375 crore . For the quarter, SAIL reported sales volume of 4.71 million tonnes (MT), up 9% YoY, 23% QoQ, higher than our estimate of 4.5 MT. Ensuing standalone PAT for quarter was at Rs. 2418 crore, up 68% QoQ but down 30%, higher than our estimate of Rs. 1710 crore
Views: SAIL reported a healthy performance for Q4FY22 wherein topline came in broadly in line with our estimate while EBITDA and PAT came in higher than our estimate. Standalone EBITDA for the quarter was at Rs. 4331 crore, up 27% QoQ but down 30% YoY, higher than our estimate of Rs. 3510 crore. Standalone operations EBITDA/tonne for the quarter was at Rs. 9196/tonne higher than our estimate of Rs. 7800/tonne ( Rs. 8881/tonne for Q3FY22 and Rs. 14177/tonne in Q4FY21). EBITDA margin for the quarter was at 14.1%, higher than our estimate of 11.6% (13.5% in Q3FY22 and 26.4% in Q4FY21)
Impact: Neutral