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Stocks of metal companies are seen reacting to stock-specific news next week, with Oct-Dec earnings of Nifty majors Tata Steel and Hindalco Industries scheduled to be announced. Tata Steel will report its earnings on Tuesday while Hindalco Industries will detail its results on Thursday. Tata Steel Ltd is seen reporting a consolidated net profit of 7.83 bln rupees for Oct-Dec against a loss of 7.63 bln rupees a year ago on steadily improving profit margin. Net sales are seen rising 12% on year for the consolidated entity to 357.88 bln rupees on higher volumes. The company's profit margin is seen at around 10.77%, a 387 basis points increase from a year ago. On a sequential basis, Tata Steel's net profit is seen down 15%, and net sales down 2%. Hindalco Industries is seen reporting a 26% on-year drop in net profit to 3.2 bln rupees. Net sales of the company are also seen down 1% on year at 67.34 bln rupees. On a quarter-on-quarter basis, net profit is seen down 10% while net sales are expected to rise 8%.
Stocks of metal companies are seen reacting to stock-specific news next week, with Oct-Dec earnings of Nifty majors Tata Steel and Hindalco Industries scheduled to be announced. Tata Steel will report its earnings on Tuesday while Hindalco Industries will detail its results on Thursday. Tata Steel Ltd is seen reporting a consolidated net profit of 7.83 bln rupees for Oct-Dec against a loss of 7.63 bln rupees a year ago on steadily improving profit margin. Net sales are seen rising 12% on year for the consolidated entity to 357.88 bln rupees on higher volumes. The company's profit margin is seen at around 10.77%, a 387 basis points increase from a year ago. On a sequential basis, Tata Steel's net profit is seen down 15%, and net sales down 2%. Hindalco Industries is seen reporting a 26% on-year drop in net profit to 3.2 bln rupees. Net sales of the company are also seen down 1% on year at 67.34 bln rupees. On a quarter-on-quarter basis, net profit is seen down 10% while net sales are expected to rise 8%.
