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Aluminium major Hindalco Industries' sales are seen going up by 4.3 percent YoY and 8.8 percent QoQ to Rs 6,490 crore in the July-September quarter of current financial year.
Despite disappointing earnings, Angel Broking is bullish on Tata Steel at these levels. Given Coal India‘s better than expected Q1 earnings, the broking firm is likely to upgrade the stock from neutral to accumulate.
Hindalco Industries is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY13 net sales are seen up 17.6% at Rs 7090 crore versus Rs 6031 crore, year-on-year, YoY.
Hindalco Industries is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY13 net sales are seen up 17.6% at Rs 7090 crore versus Rs 6031 crore, year-on-year, YoY.
Indian corporate earnings results for Jan-March 'should be weak', warns Bank of America-Merrill Lynch, adding that it sees potential for a market correction.
MD of Hindalco Debu Bhattacharya says that the aluminium business could take a beating this quarter because the situation is much worse that what was prevalent in the fourth quarter of FY12.
Hindalco Industries, India's largest aluminium producer, has reported a better than expected numbers for the fourth quarter of FY12. Company's net profit fell 9.65% to Rs 640 crore for January-March quarter of 2012 versus Rs 708.4 crore in a year ago period.
Country's largest aluminium company Hindalco Industries is expected to report a massive fall of 30% year-on-year in its standalone profit after tax of Rs 496.2 crore, according to CNBC-TV18 poll.
Motilal Oswal has come with its March quarterly earning estimates for Metals sector. As per the research firm, steel prices are expected to soften gradually due to demand slow down in China due to falling fixed asset investment.
Country's largest aluminium producer Hindalco Industries' standalone profit after tax is expected to be flat at Rs 459.4 crore in the October-December quarter of FY12 as against Rs 460.3 crore in a year ago quarter.
Country's largest aluminium producer Hindalco Industries' standalone profit after tax is expected to be flat at Rs 459.4 crore in the October-December quarter of FY12 as against Rs 460.3 crore in a year ago quarter.
Angel Broking has come with its December quarterly earning estimates for Metal sector. According to the research firm, for Q3FY12, the steel space will continue to face challenges (as witnessed in 2QFY2012) amid high raw-material costs, low demand and ongoing European debt crisis.
Motilal Oswal has come with its December quarterly earning estimates for Metals sector.
Emkay Global Financial Services has come with its December quarterly earning estimates for Metals and Mining sector. According to the research firm, during Q3FY12, the sector is expected to post a revenue growth of 7% on YoY basis and a decline of 5% on a QoQ basis.
Angel Broking has come out with its report on metals. The research firm remains weak on metal space. Tata Steel, Hindalco, Hindustan Zinc and NMDC top picks in metal space.
Aditya Birla group's flagship company Hindalco Industries has reported a standalone profit after tax of Rs 529 crore in the second quarter of FY12, a growth of 22% as compared to Rs 433.8 crore in the corresponding quarter of last fiscal.
Motilal Oswal has come out with its earning estimates on Metal sector for the quarter ended September 2011. According to the research firm, Hindalco September quarter net sales are expected to go up by 10% at Rs 19388.2 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on metals sector for the quarter ended September 2011. According to the research firm, Hindalco September quarter net sales are expected to go up by 4.1% at Rs 6,039 crore, year-on-year (YoY) basis.
Dolat Capital has come out with its earning estimates on metal sector for the quarter ended September 2011. According to the research firm, Hindalco September quarter sales are expected to go up by 15.5% at Rs 6765.6 crore, year-on-year (YoY) basis.
Hindalco posted Editda of Rs 1045 crore in Q1. D Bhattacharya, managing director of the company tells CNBC-TV18 that Q1 has recorded the highest Ebitda for the company in the past 11 quarters. However, going ahead, he sees pressures due to a volatile LME and non-availability of coal.
Hindalco Industries, an Aditya Birla Group company has reported 21% increase (YoY) in its net profit at Rs 644 crore for the April-June quarter of FY12.
Aditya Birla Group company Hindalco Industries is expected to report a rise of 22% (YoY) in profits for the first quarter of FY12. During the period, standalone profit after tax of the company is likely to go up at Rs 650 crore as against Rs 534 crore in the corresponding quarter last fiscal.
Angel Broking has come out with its earning estimates on metals sector for the quarter ended June 2011. According to the research firm, Hindalco June quarter net sales are expected to go up by 17.7% at Rs 19,476 crore, year-on-year, (YoY) basis.
Aditya Birla group's flagship company and world's largest aluminium rolling company Hindalco Industries is likely to post good growth in topline and EBITDA on quarter-on-quarter basis.
Angel Broking has come out with its earning estimates on metal sector for the quarter ended March 2011. According to the research firm, Hindalco March quarter net sales are expected to go up by 6.8% at Rs 17,587 crore, year-on-year, (YoY) basis.