Hindalco Q4 Results: Aluminium Business Helps Profit Beat Estimates
Net profit of India’s largest aluminium producer rose 4.8% sequentially to Rs 3,851 crore in the quarter ended March.
Hindalco Industries Ltd.’s fourth-quarter net profit rose, beating estimates, aided by its aluminium business.
Net profit of India’s largest aluminium producer rose 4.8% sequentially to Rs 3,851 crore in the quarter ended March, according to its exchange filing. That compares with the Rs 2,959.2-crore consensus estimate of analysts tracked by Bloomberg.
Hindalco Q4 FY22 highlights (QoQ)
Revenue up 10.9% to Rs 55,764 crore, compared with the estimated Rs 53,387.4 crore.
Operating income down 0.4% to Rs 7,597 crore, compared with the Rs 5,898.5-crore forecast.
Ebitda margin stood at 13.6% versus 15.2% in the preceding three months and 11% forecast.
Other Highlights ( QoQ)
Novelis Ebitda declined 14.4% to Rs 3,247 crore.
Aluminium division Ebitda rose 20% at Rs 4,050 crore as favourable macros, higher volumes, better operational efficiencies, and improved performance of downstream business offset by higher input costs.
Copper Ebitda declined 0.8% at Rs 387 crore.
Other segments Ebitda declined 68.2% at Rs 7 crore.