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.

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.

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Q1 – FY 2017-18 was bad for the Indian STEEL sector. Almost all the companies have posted a weak set of numbers in the quarter.

For the numbers, only 1 company out of 5 able to registered positive improvements both in the Revenue as well as Profits in April to June quarter of 2017-18 as compared to the same period last year – rest 4 companies fail to do so.

The Common Parameters for such Dismal Performance for the Sector

The current quarter was marked by industry wide destocking as customers in general adopted a cautious approach towards carrying inventories in run up to GST rollout, which impacted domestic sales volume.

Market Leader Performance:

Market leader TATA STEEL registered 39.36% growth in Revenues due to increased capacity in India and ongoing restructuring in Europe and 11.98% de-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 30 June 2017 was Jindal Stainless (Hisar) where the company showed 50.47% increment in profit and 47.49% growth in Revenue as compared to the same period last year.

Here is the Data

Future Outlook

Considering the overall demand situation and the outlook, it is expected that the steel prices to remain buoyant in the international market and in line with that domestic steel prices will fluctuate. Historically, the growth in demand in the 2nd half of the year is much better. The Indian Steel Industry is hoping to see the repeat of the same thing so the growth in demand for steel will be 5% or more.

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.

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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.

The post Steel Sector (Large): Q4 ( JAN – MAR ’17 ) Results and Analysis appeared first on Upcoming ipos: Latest news on stocks, economy & finance.