Hindalco Industries standalone Q3FY19E Result Expectation

Standalone net profit is expected to be lower in spite of higher revenues owing to higher raw material and fuel costs.

Feb 07, 2019 07:02 IST India Infoline News Service

Hindalco Industries Standalone Consensus expectations for Q3FY19E:
  • Revenue – Rs12,283cr, up 11.4% yoy
  • EBITDA – Rs1,200cr, down 8.6% yoy
  • EBITDA Margin –  9.8%, a contraction of 213bps yoy
  • Adjusted PAT – Rs395cr, down 12.2% yoy

Highlights for Q2FY19:
  • Revenue – Rs10,833cr, up 5.1% yoy
  • EBITDA – Rs1,292cr, down 7% yoy
  • EBITDA Margin – a contraction of 156bps yoy
  • PAT – Rs309cr, down 21.3% yoy

Remarks:
  • Revenues for Hindalco are to rise owing to a ~5% yoy increase in copper revenues, due to greater contribution of copper rod volumes.
  • The Aluminium segment is likely to report a sequential improvement in margins due to a fall in alumina prices.
  • Higher coal costs are also likely to put pressure on operating margins.

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