Hindalco Industries Q1 Review - Beats Estimate; Sharpens Focus On Value Added Products: Prabhudas Lilladher
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Prabhudas Lilladher Report
Hindalco Industries Ltd. reported Q1 FY22 Ebitda above our estimates by 8% on back of 5.5%/50.5% beat in aluminium/copper operations.
Backed by first mover advantage, market leadership and strong product support of Novelis, Hindalco Industries stands at forefront to exploit-
1. evolution in India’s flat rolled products demand with acceleration in pace for light weighing of automobiles, increased consumption of aluminium beverage cans, electric vehicles and emergence of new stream of demand under production linked incentive scheme announced for major user sectors of FRP like electronics, auto components and white goods and
2. strong potential in exports market given its low cost of production.
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