Aluminium major Hindalco Industries is expected to post a loss of Rs 132 crore on standalone basis in Q3 against profit of Rs 359 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18. It is likely to be impacted by weak operating performance and higher depreciation & interest cost due to capitalisation of expansion projects. Earnings will be announced on February 9.
Revenue is seen falling 5 percent to Rs 8,210 crore in quarter ended December 2015 compared to Rs 8,602 crore in corresponding quarter of last fiscal due to lower base metal prices but decline may get arrested by higher aluminum production from Mahan and Aditya smelters.
Operating profit may slip 43 percent year-on-year to Rs 525 crore and margin may contract 434 basis points to 6.39 percent in Q3.
Analysts say aluminum EBIT may be hit by low LME price and premiums but supported by falling coal prices and its easy availability. Copper Tc/Rcs may come in steady and provide support to earnings.
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