Hindalco in Focus! | Hindalco Q1: What Should You Expect? | ET Now | English news | Business Updates

Lower aluminium prices and higher COP to impact performance sequentially. Standalone Revenues could come in at Rs 17760 cr; down 10% QoQ. PAT could decline by about 39% QoQ while margins could contract by about 650 bps QoQ. Margins are expected to come in at 14% vs 20.6% that the company reported in Q4FY22. LME Aluminum prices averaged at $2,893/tonne in Q1FY23 up 21% YoY and down 11% QoQ. Lower sales realisation and higher cost of production could impact no's this quarter. Novelis, Hindalco's wholly owned subsidiary reported its numbers last week - where EBIDTA/ton saw a strong bounce back. Novelis has maintained its volume guidance for FY23 while upping their EBIDTA/ton guidance for FY23.