4 Aug 2023 , 04:42 PM
Result date: 8th August, 2023
Recommendation: Buy
Target price: Rs. 482
(Source: IIFL Research)
Hindalco Industries (Hindalco) could witness 3% sequential decline in aluminium volumes amid decline of 5% in aluminium LME. The company’s consolidated revenue could fall both sequentially as well as over the year-ago quarter.
Weakness in topline is likely to reflect at the operating profit and net profit level as well. The company’s India EBITDA (standalone + Utkal) could decline owing to lower aluminium LME prices and lower EBITDA of copper business (due to lower production as a result of plant shutdowns).
Hindalco’s Profit After Tax (PAT) could decline 58.07% over the year-ago quarter and 22.37% sequentially.
Rs. Million |
June 2023 estimates |
YoY change |
QoQ change |
Revenue |
510,467 |
(12.07)% |
(8.77)% |
EBITDA |
48,108 |
(18.97)% |
(10.77)% |
Profit After Tax (Rs. mn) |
17,266 |
(58.07)% |
(22.37)% |
Source: Brokerage Reports
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