Hindalco is slated to report its 2Q FY 2012 results. We expect standalone net sales
to increase by 4.1% yoy to Rs. 6,039cr mainly on account of increased Aluminium
prices.
EBITDA margin is expected to improve by 1.45% yoy to 12.5% on account
of rise in Aluminium prices, partially offset by rising cost of key inputs (primarily
coal).
Net profit is expected to increase by 37.3% yoy to Rs. 596 cr.
We maintain our Buy rating on the stock with a target price of Rs.177.
Review By Angel Broking.
Research Team Tel: 022 - 39357800
E-mail: research@angelbroking.com
Website: www.angelbroking.com
to increase by 4.1% yoy to Rs. 6,039cr mainly on account of increased Aluminium
prices.
EBITDA margin is expected to improve by 1.45% yoy to 12.5% on account
of rise in Aluminium prices, partially offset by rising cost of key inputs (primarily
coal).
Net profit is expected to increase by 37.3% yoy to Rs. 596 cr.
We maintain our Buy rating on the stock with a target price of Rs.177.
Review By Angel Broking.
Research Team Tel: 022 - 39357800
E-mail: research@angelbroking.com
Website: www.angelbroking.com
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