CRU, a London-based leading metal consultant, has warned that the aluminium industry may see a sharp rise in the production cost due to deficit of pet coke.
In the December quarter, JSPL's EBIDTA jumped 50% quarter on quarter and 125% year-on-year to Rs 1277 crore, driven by higher margins in its steel and power businesses.
What is perceived by the Street as a governance issue is the discrepancy in the profit figures of the consumer business provided by the two companies.
“Our focus would be to bring down our debt-to-EBIDTA to less than 3,“ Hindalco MD Satish Pai told ET.
In the December 2016 quarter, sales volume rose by 4% year-on-year and by 23% compared with the previous quarter.
Brokerages expect the company, which has projects in premium market Bandra Kurla Complex (BKC) and Goregaon in Mumbai, to report weak numbers due to cash ban.
Analysts expect that FY18 will be the second consecutive year of volume growth after a series of declines between FY10 and FY16.
In a call with analysts, the company's management said October sales growth was 40%, which dropped to low double digits in November and December post demonetisation.
Earnings for the December quarter grew 37% compared with the September quarter, driven by higher footfalls -12.5% same store sales growth (SSG). This beat analysts' expectations causing its stock to gain 17% after the results announcement on Tuesday .
The company added another 70,000 tonnes, or 50%, to its DI pipe capacity, in the September quarter and it is already running at 100%, according to the management.
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