National Aluminium Company's (NALCO) first quarter earnings are expected to be strong on volume growth. Profit is seen rising 23 percent year-on-year to Rs 166 crore and revenue may increase 31.8 percent to Rs 2,042 crore in the quarter ended June 2017.
Operating profit is expected to surge 56.9 percent to Rs 306 crore and margin may expand 240 basis points to 15 percent compared to same quarter last year, according to average of estimates of analysts polled by CNBC-TV18.
Analysts expect alumina volumes at 3.3 lakh tonnes (a growth of 14 percent YoY but fall 18 percent QoQ) and aluminum volumes at 1.02 lakh tonnes (up 24 percent YoY but down 6 percent QoQ).
Benchmark alumina prices increased 15 percent YoY at approximately USD 290 per tonne. Analysts expect cost pressures on rising caustic soda & other input prices.
Key issues to watch for would be availability of coal for captive power plant and LME price trend.
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