Quarterly Result: Hindalco Industries Ltd
Bhagyashree Vivarekar / 15 Nov 2016
Hindalco Industries Ltd., ended at Rs. 175.45, down by 0 points or 0% from its previous closing of Rs. 175.45 on the BSE. The company's net profit(adjusted) ballooned by 208% yoy to Rs 381 cr primarily due to 5.3% yoy drop ib finance cost and effect of scale.
Hindalco Industries Ltd., ended at Rs. 175.45, down by 0 points or 0% from its previous closing of Rs. 175.45 on the BSE.
The scrip has touched a high and low of Rs. 178 and Rs. 171.3 respectively, after opening at 174.3. Altogether 10606499(NSE+BSE) shares have been traded on the counter; and the stock is trading below its 50 DMA.
Standalone Results Q2FY17:
Hindalco Industries Ltd’s Q2FY17 numbers have come in mixed compared to street estimates. Revenue has come in 21.7% greater than the estimate of Rs 7859 cr. EBITDA margin is lesser by 391 bps from the estimate of 16% and net profit is 4.9% greater than the estimated figure of Rs 363 cr.
The quarter's revenue is flat at Rs 9562 cr.
Hindalco's reported EBITDA has soared by 88.2% yoy to Rs 1156 cr while EBITDA margins have improved by 567 bps yoy to 12.1%. This was majority triggered by 9.3% yoy decrease in cost of goods sold.
The company's net profit(adjusted) ballooned by 208% yoy to Rs 381 cr primarily due to 5.3% yoy drop ib finance cost and effect of scale.
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