Hindalco Q1 profit jumps 43% YoY to Rs 414 crore, beats Street estimates
Hindalco Industries on Friday posted 42.84 per cent year-on-year (YoY) rise in profit at Rs 413.53 crore for the quarter ended June 30. It had posted a net profit of Rs 289.51 crore in the corresponding quarter last year.
An analyst poll conducted by ETNow projected a profit of Rs 401 crore.
Revenue from operations increased marginally by 1.74 per cent YoY to Rs 10,593.21 crore for the quarter under review.
Net profit doubled to Rs 734 crore for Hindalco Standalone plus Utkal Alumina. EBITDA at Rs 1951 crore stood as highest ever for Hindalco Standalone plus Utkal Alumina.
Shares of the company were trading 1.78 per cent down at Rs 223.40 after announcement its financial results for the quarter.
“In line with its commitment of continuous and profitable growth, the company delivered a strong and robust quarter, with outstanding financial performance on the back of supporting macros, better realisations and stable operations, despite challenges arising from higher input costs and increased imports in aluminium and copper segments,” Hindalco said in a BSE filing.
An analyst poll conducted by ETNow projected a profit of Rs 401 crore.
Revenue from operations increased marginally by 1.74 per cent YoY to Rs 10,593.21 crore for the quarter under review.
Net profit doubled to Rs 734 crore for Hindalco Standalone plus Utkal Alumina. EBITDA at Rs 1951 crore stood as highest ever for Hindalco Standalone plus Utkal Alumina.
Shares of the company were trading 1.78 per cent down at Rs 223.40 after announcement its financial results for the quarter.
“In line with its commitment of continuous and profitable growth, the company delivered a strong and robust quarter, with outstanding financial performance on the back of supporting macros, better realisations and stable operations, despite challenges arising from higher input costs and increased imports in aluminium and copper segments,” Hindalco said in a BSE filing.