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Aug 14, 2012, 09.25 AM IST
Hindalco Industries is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY13 net sales are seen up 17.6% at Rs 7090 crore versus Rs 6031 crore, year-on-year, YoY.
Its EBITDA is seen down 7.8% at Rs 751 crore versus Rs 815 crore. Its EBITDA margins is seen at 10.6% versus 13.5%. The company's PAT is seen down 19.5% at Rs 518 crore versus Rs 644 crore. Q1FY13 vs Q4FY12 (q-o-q): Its net sales are seen down 6.3% at Rs 7090 crore versus Rs 7563 crore. Its EBITDA is seen down 3.8% at Rs 751 crore versus Rs 815 crore. The company's EBITDA margins is seen at 10.6% versus 13.5%. Its PAT is seen down 19% at Rs 518 crore versus Rs 640 crore.
Hindalco will report a decline in standalone net profit mainly due to lower LME prices
Realizations will be lower due to lower LME prices:
In Q1FY13, the average LME prices for all the base metals dropped on a QoQ basis and Y-o-Y basis:
· Copper down 14% y-o-y and down 5.5% q-o-q
· Aluminum down 24% y-o-y and down 9.2% q-o-q
Decline in LME prices would be partially offset by INR depreciation
Aluminum prices continue to be close to the marginal cost of production as major producers have shied away from executing planned shutdowns
Lower realizations will dent their margins:
In the Copper Division the TcRc margins need to be tracked closely as Sterlite reported disappointing figures which stood at 12.4 cents/ lb (down 11%)
Volumes to be stable in copper (83kt) and aluminium (145kt) segments
Margins are expected to decline further due to pressure from input costs
Forecast Al volumes to be down 3%QoQ and expect Cu volumes to decline 4%QoQ
Input costs likely to remain stable on a QoQ basis
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