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Covid-19 and high operating costs mar Sail’s Q1 results, stock subdued

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₹1814 per ton as compared to ₹4869 per ton in Q1 the last year. Ebitda is earnings before interest, tax, depreciation and amortization.For now, the operating environment for the steel sector has improved considerably in the past few months, thanks to rising international demand.

Steel prices increased in the last month, while offtake is also improving. Sail should be able to notch better numbers in the coming quarter.Even so, while export volumes are improving, domestic volumes have yet to pick up.

The slowdown in the economy, particularly in construction is a deterrent. So, it could be a while before the company could scale back its volumes to pre-covid levels.The Sail stock has not fully priced the covid-19 disruptions going by the.

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COVID-19
United States
United States
Cases: 46 252 513
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India
India
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Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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