Steel Sector (Large): Q4 ( JAN – MAR ’17 ) Results and Analysis

Steel Sector (Large)

Q4 was again fantastic as far as Steel Sector (Large) is concern. Almost all the companies have shown strong performance in the quarter. Click here for Q3 Results.

For the numbers, the profits of the companies were UP in the range of 172% to 445%, while revenues were up in the range between 12% to 60%.

Steel major and market leader Tata Steel reported a stellar set of numbers for the fourth quarter on a standalone basis, which was largely boosted by an outperformance by operating profits. The company has posted 172% jump in the profits where the revenues were up by 44% for the quarter.

Star Performer in the Sector:

Almost all the companies were a star performer in the sector for the quarter ended 31 March 2017 expect that of SAIL. JSW STEEL was really the star from the sector where the company has shown whooping 173% jump in profit and 60% jump in income as compared to the same period last year.

Here is the Data:

Sector Outlook:

FinBlab is very much positive on the Steel sector as a whole. It is of the view that the domestic demand will pick up in the coming years as the government is focusing more on infrastructure development in the country. Good monsoon likely to play a good role for the Steel companies.

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.