Aluminium and copper manufacturing company Hindalco will report its fourth-quarter earnings on Thursday and analysts expect margins will be impacted due to lower alumunium profit and lower TC/RC (treatment and refining charge).
Topline To Be Impacted By
- Hindalco’s sales is expected to come in lower by around 1-2 percent. Operating profit will see a compression of around 22 percent and the margins should come in at around 8.5 percent from around 10.5 percent on a year-on-year (YoY) basis.
- The analysts expect a net profit of around Rs 230 crore.
-Lower Aluminium prices
-Lower Copper production volumesQ4FY19: Aluminium Business
-Partly protected due to favourable hedges
-Favourable hedges offset some of the impacts of lower Aluminium prices on earnings.Margins To Be Impacted By
-Lower Aluminium profit-Lower Tc/Rc margins and by-product realisations