Hindalco gross profit may slip 48%
EBITDA is set to decrease to around Rs 905.3 crore in July-September from Rs 1,737 crore a year ago
Hindalco’s (standalone with Utkal Alumina), EBITDA is set to decrease to around Rs 905.3 crore in July-September from Rs 1,737 crore a year ago, according to the report.
In its quarterly preview of Hindalco’s standalone results ICICI Securities said the company could see “a 15% quarter on quarter decrease in EBITDA due to a marginal decrease in copper EBITDA and a 22% decrease in aluminium EBITDA”.
It estimated EBITDA during July-September to be around Rs 609.1 crore on standalone basis against Rs 717.4 crore in the year-ago period. LME prices decreased sequentially for both aluminium and copper, and so did volumes, it said.