- Margins are likely to increase in Q3 FY23. Imported Coking Coal cost declined which will be realized in Q3 FY23. More drop in coal consumption cost is likely.
- Q4 FY23 might see some increase in costs leading to reduced margins.
- Debt Guidance: Plan to reduce Debt levels by Rs. 25000-26000 crores by March’23 which is still more than FY22 debt levels of Rs. 13800 crores.
- Capex Guidance: In H2 FY23 capex will be 6000 crores which will be spent on coke ovens, casters and other small projects.
- FY23 production guidance is 17-17.5 MT and sales guidance is 16 to 16.5 MT. For FY24, the saleable steel production target is 18.5MT.
- Employee cost to remain flat.
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