SAIL’s Q1FY11

Research report by 'Ventura Securities Ltd'
     
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SAIL’s Q1FY11 results were disappointing on account of lower sales volume and higher staff cost. Revenue for Q1FY11 declined by 24.5% Q-o-Q (up 0.9% Y-o-Y) to Rs 9029.4 crore. Operating profit registered 40.5% drop on Q-o-Q basis (down 1.7% Y-o-Y) to Rs 1842.9 crore. Net profit at Rs1176.7 crore was down by 43.6% Q-o-Q and 11.3% Y-o-Y.


   
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