Whalesbook
Oswego Mill jaldi start, earnings mein hogi tezi!
Jo Oswego mill band thi, woh analysts ke according ab kuch hi hafton mein start ho jayegi. Pehle June 2026 ka target tha, par ab ye jaldi ho raha hai. Isse Novelis ki earnings mein recovery FY27 ke Q2 se hi improve hone lagegi. Normalizing volumes, achhe scrap spreads aur cost-efficiency ke efforts se support milega.
Novelis ne Q4 mein dikhaya dum, fire ke baad bhi!
Novelis ne Q4 mein $4.8 billion ka revenue report kiya, jo last year se 4.4% zyada hai. Adjusted EBITDA 3% gir kar $459 million raha, lekin EBITDA per tonne 10% badh kar $544 ho gaya. Ismein Oswego fire ka $53 million ka EBITDA loss aur $27 million ka tariff headwind tha, lekin insurance se $41 million recover hue.
Free cash flow par Oswego fire ka impact $1.7 billion estimate kiya gaya hai, jisme se 70-75% insurance se recover hone ki ummeed hai. North America mein thoda impact raha, par Europe, South America aur Asia mein mixed results aaye.
Brokerages ka Hindalco par 'Buy' call!
Kafi saare brokerages ne Hindalco par 'Buy' rating maintain rakhi hai. JM Financial ne target ₹1,210 set kiya hai, aur bataya hai ki Novelis mein $950 million ka infusion FY26 mein hoga aur zyada infusion ki umeed nahi hai. Motilal Oswal ne bhi 'Buy' recommend kiya hai, jiska target $600/tonne EBITDA hai next 2-3 years mein. Emkay Global ne target ₹1,100 rakha hai aur near-term leverage increase ko acknowledge kiya hai, par FY27 end tak moderation ki ummeed hai.