Hindalco Industries Q2 PAT seen up 57.1% YoY to Rs. 3,350 cr: PL Capital

PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Metal & Mining sector. The brokerage house expects Hindalco Industries to report net profit at Rs. 3,350 crore up 57.1% year-on-year (down 10.3% quarter-on-quarter).

Net Sales are expected to increase by 5.7 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 57,240 crore, according to PL Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.3 percent Y-o-Y (down 10.7 percent Q-o-Q) to Rs. 6,700 crore.

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