National Aluminium Company's (NALCO) first quarter profit is seen falling 10 percent year-on-year to Rs 245 crore on lower other income, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is expected to increase 1 percent to Rs 1,700 crore in June quarter compared to Rs 1,680 crore in same quarter last year. Aluminum sales may be higher but alumina sales is likely to be lower during the quarter. Alumina production during the quarter was impacted by extended maintenance shutdown.
Analysts see lower realisations in alumina/aluminum.
Operating profit may jump 14 percent year-on-year to Rs 303 crore and margin may expand 130 basis points to 17.8 percent in June quarter, led by efforts to keep power costs under control. Company has minimised usage of expensive imported coal and has restricting aluminium production to the extent of domestic coal availability. Key issues to watch out for would be availability of coal for captive power plant and LME price trend & utilisation of smelter.
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