The earnings before interest, depreciation and amortization (EBIDTA) performance per tonne was moderately good. Except for JSW Steel, on standalone basis, the other four registered growth q-o-q. JSW Steel, on a q-o-q basis, showed an almost 13% drop to INR 11,100/tonne ($134/t) but this was up 37% y-o-y. Tata Steel’s standalone EBIDTA was up 25% q-o-q to INR 17,000/t ($205/t) and a substantial 68% y-o-y. SAIL’s was at INR 5,600/t ($67/t), up 24% q-o-q and 12% y-o-y. JSPL’s EBIDTA, at INR 15,500/t ($187/t), showed a q-o-q growth of 41% and 25% y-o-y.
