The reported revenue of 13,500 crore (down 1.5 per cent year-on-year and up 15 per cent quarter-on-quarter) in Q4FY24 beat estimates.
The Average Selling Price of steel stood at ₹67,099 per tonne (flat Y-o-Y and up 4 per cent Q-oQ), which was better than expectations.
The Ebitda stood at $2,400 crore (up 12 per cent Y-o-Y, down 14 per cent Q-o-Q), which was lower than estimates, due to higher costs. The Ebitda per tonne stood at 12,162 (up 12 per cent Yo-Y, down 14 per cent Q-o-Q), which was also below estimates.
The coal costs rose by $10-20 per tonne Q-o-Q. The adjusted profit after tax (APAT) stood at ₹900 crore (up 52 per cent Y-o-Y but down 51 per cent Q-o-Q). The production volume rose 2 per cent Y-o-Y and 6 per cent Q-o-Q to 2.05 million tonnes (MT), while the sales volume was at 2.01 MT (down 1 per cent Y-o-Y, up 11 per cent Q-o-Q). Exports were flat Yo-Y at 11 per cent of the total revenue in Q4FY24.
Diese Geschichte stammt aus der May 15, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der May 15, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Moratorium reduced for health policy but full disclosure crucial
Use 30-day free-look period mandated by Irdai master circular to assess the policy's coverage
Indian GCCs: Captives to e-twins
Global capability centres (GCCs) in India have come a long way from the early 1990s when they were referred to as 'captives' of their global headquarters (HQs) to today, when they are emerging as the 'digital twins\" of their HQs, replicating the work done at their parent organisations and adding more value than ever before.
MONETISING 5G
Is fixed wireless access the answer to the monetisation prayers of Reliance Jio and Airtel?
Politics, exit polls, market and retail investors
Are retail investors reading the market better than institutional investors? Are they getting smarter?
Smart meters power change in business
Devices help electricity firms in preventing leakages and improving revenue by providing real-time data
Pharma companies up their dose of tech
Industry is using AI and digital tools to improve processes and help patients
Flooded with data? Insights industry will help you now
Anticipating change is a strong weapon in an uncertain world.
CHAOS CASHOUT: RETAIL INVESTORS SPIN TO WIN... ...AS THEY RIDE THE ELECTION CAROUSEL TO RICHES
Market crash? No problem. Retail investors snap up shares worth nearly $21,200 cr
Hero MotoCorp's growth mileage: Rural recovery to power market share ride
To fuel its engine with rural focus, electric innovation, new product cycle
Sebi signals change with tougher F&O stock rules
New framework may displace low-turnover stocks, introduce market heavyweights