Hindalco gross profit may slip 48%

Kolkata: Hindalco is likely to see a 48% year-on-year decline in earnings before interest, tax, depreciation and amortisation (EBITDA) in the quarter to September owing to the twin impact of lower volumes and a fall in aluminium and copper prices on the benchmark London Metal Exchange (LME), said an ICICI Securities research report on the company.

Hindalco’s (standalone with Utkal Alumina), EBITDA is set to decrease to around Rs 905.3 crore in July-September from Rs 1,737 crore a year ago, according to the report.

In its quarterly preview of Hindalco’s standalone results ICICI Securities said the company could see “a 15% quarter on quarter decrease in EBITDA due to a marginal decrease in copper EBITDA and a 22% decrease in aluminium EBITDA”.


It estimated EBITDA during July-September to be around Rs 609.1 crore on standalone basis against Rs 717.4 crore in the year-ago period. LME prices decreased sequentially for both aluminium and copper, and so did volumes, it said.