Hindalco Q1 PAT seen at Rs 554 cr

Hindalco Industries is to announce its first quarter results. According to CNBC-TV18 estimates, the company's standalone sales are seen up 12.1% at Rs 5244.7 crore versus Rs 4677.9 crore.

Its operating profit is seen down at Rs 822.4 crore versus Rs 884.3 crore

Its PAT is seen down 8.1% at Rs 554.2 crore from Rs 602.9 crore.

Key Factors:

·          Topline supported by higher volume & higher LME prices

·          Aluminium prices were at US $2,954/ton up by 9.5% QoQ and 7% YoY

·          Copper prices were at US $8522/ton up by 11.5% QoQ and 9.3% YoY

·          Higher production volumes at Hirakud smelter to drive aluminium volume growth

·          Copper division profitability will be affected given the pressure on TC/RC margin.

• Profitablity hurt on the back of increase in operating expenses & lower tc/rc margin