09 FEBRUARY 2016www.indiainfoline.com
Hindalco Industries likely to report loss for Q3 2015
Edited by : AL CIRCLE
1 min read
Hindalco Industries Ltd, one of India's leading aluminium producers, will announce its financial results on February 9 for the third quarter ended December 31, 2015.
A leading investment research firm forecasts, the company is likely to report a loss of INR 159 crore for Q3 FY16. The firm expects net revenue to decline to INR 8,108 crore at 5.8 per cent y-o-y and 9.2 per cent q-o-q. The EBIDTA margin is expected to go down at 7 per cent, with a y-o-y fall of 3.7 bps.
According to the investment research firm, for the non-ferrous space, volumes for most of the players would be higher on a y-o-y basis. Hindalco’s aluminium volumes would be strong on the back of higher output from new capacities.
A leading investment research firm forecasts, the company is likely to report a loss of INR 159 crore for Q3 FY16. The firm expects net revenue to decline to INR 8,108 crore at 5.8 per cent y-o-y and 9.2 per cent q-o-q. The EBIDTA margin is expected to go down at 7 per cent, with a y-o-y fall of 3.7 bps.
According to the investment research firm, for the non-ferrous space, volumes for most of the players would be higher on a y-o-y basis. Hindalco’s aluminium volumes would be strong on the back of higher output from new capacities.
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