Top Conviction Ideas - “Metals & Mining”
EBITDA stood at Rs 10,176 Cr (up 6%/28% YoY/QoQ), exceeding our pre-Novelis results estimate of Rs 8,970 Cr, led by strong upstream aluminium and...
27 Views
Hindalco Industries Ltd - Robust Performance Across Segments; Novelis Headwinds Easing
Upstream EBITDA/t grew by 4%/12% YoY/QoQ to $1,756/t (firstquartile globally), aided by higher LME Aluminium even as third-party shipments drop by...
82 Views
Hindalco Industries Ltd - Indian Operations Continue to Outperform
Upstream Aluminium resilient: Upstream EBITDA/t grew by 15% YoY (down 13% QoQ) to $1,467/t, despite lower LME Aluminium (averaged at $2,444/t, down...
181 Views
Accessing the Impact of Middle East Disruption on Metals & Mining Sector
The geopolitical tensions in the Middle East have led to an increase in the HRC and rebar prices by 14% and 7% quarter to date, while coking coal...
168 Views
Top Conviction Ideas - “Metals and Mining”
Hindalco’s Indian operations stood robust, offsetting Novelis's muted profitability. Consolidated Revenue stood at Rs 66,521 Cr (up 14%/1% YoY...
112 Views