SAIL’s shares surged 3.5% to Rs 103.65 on BSE post-Q3FY25 results showing a 66% YoY drop in net profit to Rs 142 crore. The revenue from operations increased 5% to Rs 24,490 crore. EBITDA improved slightly to Rs 2,389 crore, though PAT fell 84% versus Q2FY25.
India’s earnings slowdown cyclical, expect recovery by mid-year: Jonathan Garner
I think there is a minority opinion that this is a more structural slowdown in earnings for India. We do not agree with that. But