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Hindalco Industries melts 6% ahead of results
Hindalco Industries touched an intraday high of Rs 158.55 and an intraday low of Rs 148.75. At 09:30 hrs the share was quoting at Rs 151, down Rs 9.85, or 6.12%.
Country's largest aluminium producer Hindalco Industries is going to announce its December quarter number today. Its standalone profit after tax is expected to be flat at Rs 459.4 crore in the October-December quarter of FY12 as against Rs 460.3 crore in a year ago quarter.
Net sales are seen going up by 6.8% to Rs 6,319.6 crore from Rs 5,917.9 crore year-on-year.
EBITDA is likely to fall 4.7% to Rs 651.2 crore from Rs 683.4 crore during the same period.
EBITDA margin is expected to be falling at 10.3% in the third quarter of FY12 versus 11.5% in the corresponding quarter of last fiscal.
On quarter-on-quarter basis, net sales are seen going up by 1.6% and EBITDA too is likely to go up 5.4%. EBITDA margin is too seen improving at 10.3% versus 9.9%. However, PAT is likely to fall 8.6%.
Hindalco Industries touched an intraday high of Rs 158.55 and an intraday low of Rs 148.75. At 09:30 hrs the share was quoting at Rs 151, down Rs 9.85, or 6.12%.
It was trading with volumes of 609,531 shares. In the previous trading session, the share closed up 4.92% or Rs 7.55 at Rs 160.85.
