Hindalco Q3 results today: After strong Novelis show, what should D-Street expect from the aluminium major

economictimes.indiatimes.com:

Hindalco Industries Ltd is slated to release its earnings for the December quarter later today, and the print is likely to look better led by a robust show by arm Novelis Inc.
On Monday, Novelis reported a strong 33% year-on-year (YoY) growth in operating profit, which drove the profit multifold. The company posted a net income of $121 million for the quarter, compared to $12 million a year ago.

The strong operational performance was driven by favorable metal benefit from recycling, higher pricing, and lower operating costs compared to last year. However, revenue dropped by 6% YoY due to lower aluminium prices and flat volumes.
As a result, the consolidated topline of Hindalco is expected to drop, but the robust improvement in the operational performance will drive high double-digit growth in the bottomline of the aluminium major.

Consolidated Earnings
The aluminium producer is likely to report an 82% year-on-year (YoY) growth in consolidated net profit for the quarter to Rs 2,545 crore, according to the average of estimates given by six brokerage firms.
Earnings before interest, taxes, depreciation and amortization or EBITDA is expected to grow by 67% YoY to Rs 5,841 crore, but the topline is seen declining 0.5% to Rs 52,928 crore, the estimates showed.

India Aluminium/Copper Show
Kotak Institutional Equities expects the India aluminium business, including Utkal operations, to see a 55% YoY and 17% QoQ improvement in the operating profit, led by lower costs and sequentially higher aluminium prices.
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