Preview: India's Hindalco rises ahead of quarterly results

National Aluminium

20/05/2025 04:51

** Indian aluminum and copper miner, Hindalco Industries HALC.NS up 1.3% ahead of Q4 results due later in the day

** Analysts, on avg, expect HALC to report ~42% y/y increase in consol profit to 44.97 billion rupees, per data compiled by LSEG

** Systematix Institutional Research says industry-wide earnings to be driven by higher commodity prices and improving volumes

** Adds, HALC's consol performance to also benefit from recovery in unit  Novelis' NVL.N volumes; the unit contributes to more-than-half of co's overall revenue

** Last week, Jefferies analysts said HALC unit, Novelis' Q4 EBITDA came ahead of their estimates and recovered sequentially

** During the qtr, prices of aluminium CMAL3 and copper CMCU3 prices rose 17.1% and 10.3% y/y on the London Metal Exchange

** Rivals Vedanta VDAN.NS reported higher fourth-quarter profit last month, while state-owned NALCO NALU.NS is set to report quarterly results later this week

** HALC, VDAN, NALU rated "buy" on avg - the data

** YTD, HALC up ~11% vs ~7% rise in Nifty metal index .NIFTYMET

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))