SAIL 1Q12 PROFIT DOWN AT INR 6.96 b vs exp INR 10.79 b vs prv INR 8.48 b

Sail – Co. reported 1Q12-13 net profit a INR 6.96b vs. estimated INR 10.79b vs. previous 1Q11-12 net profit at INR 8.48b. sales at INR 106.41b vs. previous INR 108.26b. Forex loss widened to INR 2.57b vs. previous INR 116.6m due to weak Indian rupee. Other Income declined 40 percent to INR 2.784 b. However, EBITDA margin increased by 190 basis points YoY to 13 percent. (FoxBusiness/Dow Jones Newswire)



Categories: Earnings, Indian Earnings

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