INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Investors would keep an eye on foreign exchange rate impact at Novelis and aluminium margins when Hindalco Industries reports
March quarter earnings later on Thursday.
On a standalone basis, Edelweiss Securities expects the firm to report a 19.7 per cent YoY drop in
impacted by lower LME aluminium prices (down 14 per cent YoY), resulting in a 22 per cent YoY drop in aluminium division Ebitda
It has built in a 5 per cent sequential de-growth in Ebitda, owing to weak metal prices
This brokerage expects a 48.6 per cent YoY drop in profit at Rs 193.80 crore on largely flat sales growth
Motilal Oswal Secrueities sees profit at Rs 404.10 crore, Including Utkal operations, and sales at Rs 11,938 crore
The brokerage pegged consolidated profit (including Novelis operations) at Rs 1,139.80 crore
Adjusted Ebitda per tonne is estimated at $388