The Aditya Birla Group firm’s India business is expected to report a profit after tax of Rs 910 crore, said analysts in an ET NOW poll. This is against a profit of Rs 84 crore in the same quarter last year.
Revenue for the quarter is seen rising 73.5 per cent YoY to Rs 12,950 crore compared with Rs 7,464 crore in the year-ago quarter. High LME prices are seen supporting topline growth.
Margins are seen at 15.8 per cent, up 380 basis points over 12 per cent in the same quarter last year.
Analysts said the extent of hedging in aluminum business will be watched. Copper volumes, analysts said, continue to be low, hit by Covid curbs, adding that implementation of the expansion plan will be closely watched.
ICICI Direct said Hindalco’s domestic operations (standalone operations + Utkal) may post aluminium sales volume of 3,05,000 tonnes compared with 3,03,000 tonnes in the year-ago quarter and 3,29,000 in March quarter. It sees copper volumes at 75,000 tonnes compared with 58,000 tonnes in the year-ago quarter and 1,07,000 tonnes in March quarter.
“We expect Hindalco’s domestic operations (standalone operations + Utkal) topline to come in at Rs 12,752 crore, up 71 per cent YoY but down 12 per cent QoQ. Ebitda margin is likely to come in at 15.1 per cent. Subsequent Ebitda of domestic operations (standalone operations + Utkal) is likely to come in at Rs 1,930 crore, up 116 per cent YoY, 2 per cent QoQ. Novelis is likely to report sales volume of 950 KT and Ebitda/tonne of $510 per tonne,” ICICI Direct said.
Meanwhile, on a consolidated basis, Phillip Capital expects the company to log profit of Rs 2,056.90 crore compared with a loss of Rs 569 crore YoY. Sales are seen rising 73.8 per cent to Rs 43,950 crore YoY.
“Domestic aluminium business will perform better,” it said.