Hindalco Q4 results today: Here’s what to expect from the metals major

Hindalco Q4 results today: Here’s what to expect from the metals major

Hindalco Industries, the Aditya Birla Group‘s metals flagship company, is likely to post muted revenues even though profitability is expected to edge higher. The company will announce its fourth quarter results later today. Revenue from operations during the January-March 2024 period is likely to decline up to 6% year-on-year, while profit growth is seen up … Read more

How to trade Hindalco shares after profit plunges 48% YoY in Q4

How to trade Hindalco shares after profit plunges 48% YoY in Q4

After Hindalco Industries posted a 48% fall in its standalone Q4FY23 net profit on Wednesday, CLSA maintained a ‘Buy’ rating on the metal stock while Kotak recommends an ‘Add’. Meanwhile, Nuvama has a ‘Hold’ stance on the counter. Hindalco’s profit after tax (PAT) stood at Rs 832 crore for the quarter ended March. It was … Read more