Over 500 companies will be announcing their December quarter earnings on Tuesday with Street tracking the results of Hindalco Industries, Bharat Heavy Electricals (BHEL), Nuvama Wealth Management and Indian Railway Catering and Tourism Corporation (IRCTC).

Among other important results will be those by Arvind Fashions, Antony Waste Handling Cell, Bombay Burmah Trading Corp,, Bosch, Coffee Day Enterprises, Gujarat Gas, Hindalco Industries, Hindustan Copper, Inox India, MTAR Technologies, Mahanagar Telephone Nigam, National Aluminium, Info Edge, NBCC (India), Ltd, OIL, Panacea Biotec, Praveg, Prestige Estates Projects and Sula Vineyards.

On Monday, over 299 companies announced their December quarter earnings which included the likes of NHPC, Coal India, 63 Moons Technologies, Allcargo Logistics, Balmer Lawrie Investments and Galaxy Surfactants.

Here’s what to expect from Hindalco Industries’ results:

Hindalco Q3 results
Hindalco Industries Ltd is seen reporting a strong double-digit growth in profit for the quarter ended December, led by robust operational performance on easing costs and better realisations.

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. Here is a summary of the brokerage expectations from Hindalco and its US arm Novelis Inc. Novelis is scheduled to release its earnings later today.

Motilal Oswal Securities
Novelis sales volumes are expected to be lower on a sequential basis. Novelis’ EBITDA/tonne guidance of $525/tonne is crucial. Timeline on the commissioning of multiple capex is crucial.

We await management guidance on domestic aluminum demand along with the hedging position.

Kotak Institutional Equities
We estimate India EBITDA (standalone + Utkal) at Rs 26 billion (39% YoY, 8.3% QoQ). Aluminum EBITDA (including Utkal) of Rs 20.5 billion (55% YoY, 17% QoQ) led by lower costs and sequentially higher aluminium prices, and copper EBITDA of Rs 5.5 billion (0.8% YoY, -16% QoQ) led by resilient TcRcs and a high sequential base.

We estimate Novelis EBITDA of $445 million (+30% YoY, -8.1% QoQ) with EBITDA/tonne of $485 (+29% YoY, -6.5% QoQ) factoring in seasonality and planned shutdowns in the quarter on a sequential basis.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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