The Aditya Birla Group’s Indian operations are expected to generate after-tax profits of Rs 91 billion, analysts said in an ETNOW poll. This goes against the profit of 84 rupees in the same quarter last year.
Revenue for the quarter is expected to be Rs 12,950, up 73.5% year-on-year, compared to Rs 7,464 in the year-ago quarter. High LME prices are seen as supporting topline growth.
The margin was 15.8%, 380 basis points higher than 12% in the same quarter last year.
Analysts said the degree of hedging in the aluminum business will be monitored. Analysts said the amount of copper remained low, was hit by Covid’s curb, and the implementation of the expansion plan was carefully watched.
According to ICICI Direct, Hindalco’s domestic business (standalone + Utkal) could record 3,05,000 tonnes of aluminum sales, compared to 3,03,000 tonnes in the year-ago quarter and 329,000 tonnes in the March quarter. The amount of copper was 75,000 tonnes, 58,000 tonnes in the year-ago quarter and 1,07,000 tonnes in the March quarter.
“Hindalco’s top line of domestic operations (standalone + Utkal) is expected to increase 71% year-on-year to Rs 1275.2 billion, down 12% quarter-on-quarter. Ebitda margin could be 15.1%. After that, the domestic business Ebitda (standalone business + Utkal) is likely to enter the market at Rs 1,930, up 116% year-on-year and 2% quarter-on-quarter. Novelis has a sales volume of 950KT and 510 per ton. It is likely to report Ebitda / ton of the dollar, “said ICICI Direct. ..
Meanwhile, on a consolidated basis, Phillip Capital expects the company to record a profit of Rs. 205.69 billion, compared to a loss of Rs. 56.9 billion year-on-year. Sales are estimated to be 43,950 rupees, up 73.8% year-on-year.
“The domestic aluminum business will do better,” he said.
Hindalco Q1 Preview: Profit can increase significantly.Revenue has increased by over 70%
https://economictimes.indiatimes.com/markets/stocks/earnings/hindalco-q1-preview-multifold-jump-in-profit-likely-revenue-seen-rising-over-70/articleshow/85095963.cms Hindalco Q1 Preview: Profit can increase significantly.Revenue has increased by over 70%