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MUMBAI: Industries, the country’s largest aluminium manufacturer, is likely to report a 78 per cent year-on-year jump in consolidated net profit to Rs. 1,194.2 crore for the quarter ended March.
The company will announce its March quarter earnings on Friday.
However, Hindalco's topline performance may not be much to write home about as analysts expect the company to report a 13.5 per cent on year decline in consolidated revenues for the fourth quarter of the last financial year.
That said, analysts do expect a blockbuster operating performance from the aluminium and copper maker.
Brokerages expect the company’s consolidated operating profit to rise 33 per cent on year to Rs. 1,717 crore. The strong operating profit expectations are due to a combination of a favourable base in the corresponding period a year ago and a surge in global aluminium prices.
Brokerage Motilal Oswal Financial Services expects the company to report an operating profit of $493 per tonne, up 13 per cent on a year-on-year basis.
The company’s earnings will be boosted by the performance of its US-based arm, Novelis Corp, which reported a near tripling of consolidated net profit to $176 million for the quarter ended March aided by the Aleris Corp acquisition.
Novelis Corp’s net sales in the reported quarter jumped 33 per cent on year to $3.6 billion, the company said in an earnings statement last week.
The company will announce its March quarter earnings on Friday.
However, Hindalco's topline performance may not be much to write home about as analysts expect the company to report a 13.5 per cent on year decline in consolidated revenues for the fourth quarter of the last financial year.
That said, analysts do expect a blockbuster operating performance from the aluminium and copper maker.
Brokerages expect the company’s consolidated operating profit to rise 33 per cent on year to Rs. 1,717 crore. The strong operating profit expectations are due to a combination of a favourable base in the corresponding period a year ago and a surge in global aluminium prices.
Brokerage Motilal Oswal Financial Services expects the company to report an operating profit of $493 per tonne, up 13 per cent on a year-on-year basis.
The company’s earnings will be boosted by the performance of its US-based arm, Novelis Corp, which reported a near tripling of consolidated net profit to $176 million for the quarter ended March aided by the Aleris Corp acquisition.
Novelis Corp’s net sales in the reported quarter jumped 33 per cent on year to $3.6 billion, the company said in an earnings statement last week.
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