Hindalco Q4 results today: Here's what to expect from the metals major

Hindalco Industries likely to report muted revenues in Q4FY24 despite higher profitability. Novelis expected to see improved earnings. Investors await management guidance on domestic aluminum demand and hedging position.

, the 's metals flagship company, is likely to post muted even though is expected to edge higher. The company will announce its fourth quarter results later today.

Revenue from operations during the January-March 2024 period is likely to decline up to 6% year-on-year, while profit growth is seen up to 23% year-on-year.

is expected to report improved earnings due to the destocking phase in and third quarter being a seasonally weak quarter.

"Novelis' guidance of $525/ton in 4QFY24 seems achievable," said , while adding that the timeline for commissioning multiple capex is crucial.

Investors also await on domestic along with the hedging position.

How analysts expect Hindalco's Q4 earnings:

aluminium incl Utkal EBITDA to inch up by 1.8% quarter-on-quarter, amid flat volume, CoP aided marginally by higher aluminium prices. The fall in E-auction coal price in Q4FY24 will get reflected in Q1FY25 due to lag effect.

We factor aluminium EBITDA/t of $885, up 1.8% quarter-on-quarter and at $660/t, down 0.3% quarter-on-quarter. EBITDA/t to improve to $525, up by 5% quarter-on-quarter.

We estimate India EBITDA (standalone + Utkal) at Rs 2800 crore with aluminum EBITDA (including Utkal) of Rs 2150 crore led primarily by lower costs and copper EBITDA of Rs 650 crore led by resilient TcRcs and a high sequential base.

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Source: Stocks-Markets-Economic Times