i Develop Stocks Advisory: SAIL Q3 net doubles, beats forecast

Wednesday, January 27, 2010

Three months ended Dec. 31.

(Versus the same period a year earlier, in billion rupees unless stated)

Net profit 16.76 vs 8.43

Net sales 96.97 vs 87.24

NOTE: State-run Steel Authority of India Ltd is India's largest domestic producer of the metal.

A Reuters poll of 12 brokerages had estimated quarterly profit at 14.07 billion rupees on net sales of 97.80 billion.

GMT+5:30	Event	Vol.	Actual	Consensus	Previous
Wednesday, Jun 18
02:00	API Weekly Crude Oil Stock	1	-10.133M	-0.600M	-0.370M
02:30	Westpac Consumer Survey	2	91.2		89.2
04:15	Current Account (QoQ)	1	$-2.324B	$-2.200B	$-7.040B	Revised from $-7.037B
04:15	Current Account - GDP Ratio	1	-5.7%		-6.2%
06:30	Westpac Leading Index (MoM)	1	-0.10%		-0.01%
11:30	Retail Price Index (MoM)	2			1.7%
11:30	Retail Price Index (YoY)	2		4.3%	4.5%
11:30	Consumer Price Index (MoM)	3		0.2%	1.2%
11:30	Consumer Price Index (YoY)	3		3.4%	3.5%
11:30	Core Consumer Price Index (YoY)	3		3.6%	3.8%