STEEL SECTOR: Q2 ( JULY – SEPT ’17 ) RESULTS AND ANALYSIS

STEEL Sector:

Q2 – FY 2017-18 was a good quarter as far as Indian STEEL sector is concern. Click here to see Q1 Results.

For the numbers, 3 companies out of 5 able to registered improvements both in the Revenue as well as Profits in July to September quarter of 2017-18 as compared to same period last year (2 companies failed to do so)

Market Leader Performance:

Market leader TATA STEEL registered 21.77% growth in Revenues and a wooping 418.54% growth in Profits as compared to the same period last year.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 30th September 2017 was TATA STEEL followed by JINDAL (Hisar) where the company showed 85.27% increment in profit and 39.29% growth in Revenue as compared to same period last year.

Here is the Data:

Future Outlook:

• The Indian Steel sector remain positive on the outlook of India as encouraging and prestigious government reforms like Sagarmala, Bharatmala projects and Railway Expansion are expected to facilitate domestic investment and growth in the coming years.
• The thrust on tax reforms and transparency will also facilitate the formalization of economy and serve as tailwind to players like Tata Steel and others.

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