172@29@17@241!~!172@29@0@53!~!|news|business|earnings|hindalco-q1-net-seen102-aluminium-biz-may-hit-topline-934905.html?utm_source=MC_OpeninApp!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Subscribe to PRO at just Rs.33 per month. Use code SUPERPRO
Last Updated : Aug 12, 2016 09:45 AM IST | Source: Moneycontrol.com

Hindalco Q1 net seen up 102%; aluminium biz may hit topline

During the period, its operating profit margin may gain 9 percent at Rs 960 crore versus Rs 877.39 crore while operating margin at 11.1 percent versus 10.23 percent (year-on-year).


Net profit of Hindalco is likely to rise 102 percent at Rs 218 crore in April-June quarter from Rs 107.8 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, the company's revenue may be marginally higher by 1 percent at Rs 8650 crore from Rs 8575.3 crore in year-ago period. Topline may be dragged by LME aluminium which is seen falling 11 percent on annual basis but may go higher by 4 percent on sequential basis.


During the period, its operating profit margin may gain 9 percent at Rs 960 crore versus Rs 877.39 crore while operating margin at 11.1 percent versus 10.23 percent (year-on-year).


Volumes may aid topline as Aditya and Mahan are ramping up capacity. Aluminium volume is expected to rise 20 percent (YoY).

Close

Copper business may drag Q1 performance as de-growth is likely on volumes due to maintenance-related shutdown.

First Published on Aug 12, 2016 09:31 am
Sections