NIFTY 50

Hindalco Industries Q2FY20 earnings today: Here's what to expect

Updated : November 11, 2019 08:01 AM IST

Hindalco Industries is likely to report its Q2FY20 numbers on Monday.

Here's what to expect:

  • Topline is expected to decline by around 5 percent.

  • Operating profit will decline by more than 25 percent.

  • Net profit is likely to see a big slide and is likely to come down by around 70 percent, at Rs 75-80 crore.

  • Close to around 15-20 percent of aluminium sales would be hedged at around $2,100 per tonne. The price in the past quarter on an average was around $1,800 per tonne.

  • The street is expecting a growth of around 8-9 percent to 87,000 tonne in its copper business.

What to watch

  • Decline in prices of major base metals is likely to weigh on performance.

  • Impact of lower London Metal Exchange (LME) was partially offset by aluminium sales hedged at higher prices and by rupee depreciation.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV