Metals & Mining: Q1FY24 Review
Nalco’s Revenue/EBITDA/PAT missed our estimates and dropped by 16%/32%/40% YoY and by 13%/22%/33% QoQ led by a drop in the average LME Aluminium...
387 Views
Hindalco Industries Ltd - Headwinds Bottoming Out; Maintain BUY
This outperformance was propelled by Indian Aluminium and Copper operations, which demonstrated better-than-anticipated EBITDA due to increased...
258 Views
Hindalco Industries Ltd - Margin Recovery at Novelis
Novelis’s Revenue/EBITDA/PAT stood largely in line despite a surprise 9%/6% YoY/QoQ drop in shipments (4% miss) to 879kt due to lower can and...
349 Views
Metals - Q1FY24 Earnings Preview
On a YoY basis, too, margins are expected to contract despite higher volumes YoY (on a low base) as HRC prices are now down by 15% YoY from the...
365 Views
Hindalco Industries Ltd - Indian Operations Recover; Macro Uncertainties Persist
Consolidated Segmental EBITDA (down 19%YoY) recovered QoQ by 21%, a 4% beat vs. our estimate driven by better-than-expected EBITDA at Indian...
315 Views