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Steel Authority Of India

Revenue down 6.77% at Rs 23,348.6 crore vs Rs 25,042.1 crore. Ebitda up 3.07% at Rs 2,142.5 crore vs Rs 2,078.6 crore. Margin expands 87 bps to 9.17% vs 8.3%. Net profit down 21.99% at Rs 422.92 crore vs Rs 542.18 crore. Board declares interim dividend of Re 1 per share. View: Result is below expectation although EBITDA and margin improved in this quarter