Steel Authority of India Ltd Q4 FY22 Earnings Concall Insights
#SAIL #SAILQ4 #SteelAuthorityofIndia #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch #finance #stockmarket #Markets
🧵
#SAIL #SAILQ4 #SteelAuthorityofIndia #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch #finance #stockmarket #Markets
🧵
SAIL said it clocked its best ever production and sales during FY22. The sales have been the highest ever at 16.15 million tonnes as compared to 14.94 million tonnes in FY21. For the first time in history of SAIL, the company crossed revenues from operation of INR1 lakh crores.
Q&A Insights: Amit Dixit of @EdelweissFin asked about coking coal cost in 4Q22 in dollar terms and how it’s expected to change in 1Q23. Anil Tulsiani ED said it is likely to go up substantially. In Q4 it was in range of INR28,000-29,000 and it is expected to be up 10-12% in 1Q23.
Q&A Insights: Amit of @EdelweissFin asked about govt. imposing export duty and does this change SAIL’s capex plans in next 2-3 years. Anil Tulsiani ED said it has some long-term plans for expansion. In immediate future, there are some rehabilitation and debottlenecking schemes.
Q&A Insights: Saket K of Kapoor & Company asked how introduction of export tax is going to impact SAIL. Anil ED said SAIL doesn't have that much quantity of steel exports. And advantage for SAIL is that it’s basically into exporting of semis, which are not impacted by this tax.
Q&A Insights: Saket Kapoor of Kapoor & Company enquired about the finance cost increasing from INR316 crore to INR440 crore QonQ. Anil Tulsiani ED answered that it’s mainly the forex loss. The interest cost for 4Q is around INR250 crores. The balance is the forex loss.
Q&A Insights: Saket Kapoor of Kapoor & Company asked that on the demand side, how is the demand shaping up and realization currently for the flat and the long product. Anil Tulsiani ED said that realizations in April were better. But in May there are some pressures on the prices.
Q&A Insights: Aditya W of @AXIS_Capital asked about production profile in FY23 and if there will be any reduction in semis as a proportion of total production. Anil T ED said it's always an endeavor to reduce its semis. SAIL is optimistic that in FY23 it will be more than FY22.
Q&A Insights: Ritesh Shah of @InvestecI asked about iron ore price outlook. Anil Tulsiani ED replied that SAIL expects the iron ore prices to soften. Because of the export duty, there will be a softening of the prices, which will in fact help SAIL to some extent.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
