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SAIL Q3 Results Review: Systematix Maintains 'Hold' On The Stock, Lowers Target Price — Here's Why
SAIL's future growth would be driven by larger capacity expansions to take the capacity from 20mt currently to 35mt by 2031, says the brokerage.
13 Feb 2025, 10:04 AM IST 
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Steel Authority of India’s Q3 FY25 consolidated Ebitda at Rs 20.3 billion was 39% below estimate due to higher raw material costs, inventory losses, and purchases of stock in trade.
(Photo source: SAIL website)
Notably, Indian steel manufacturers are still awaiting a decision on implementation of safeguard duty on imports and a favorable outcome could drive stock re-rating. Further drop in steel prices and increase in raw material costs are key risks for SAIL.
