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 profit at Rs 315 crore, while standalone revenue of the firm is projected to rise 11.7 per cent YoY to Rs 11,515 croreEbitda wil be impacted by lower LME aluminium prices (down 14 per cent YoY), resulting in a 22 per cent YoY drop in aluminium division Ebitda.
Copper division's Ebitda is also expected to decline 10 per cent YoY mainly on lower realisations from byproducts, it said.Emkay Global said Hindalcos sensitivity to price change is substantial and any movement on either side flows through 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.
We expect Novelis to report adjusted Ebitda of $319 million, down 1 per cent QoQ.
Adjusted Ebitda per tonne is estimated at $388.
Volumes are expected to increase 3 per cent QoQ to 821 kt, the brokerage said.