Published on 11/11/2020 5:52:59 PM | Source: Angel Broking Ltd
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Below are Quote on HINDALCO Ltd By Mr. Jyoti Roy- DVP- Equity Strategist, Angel Broking Ltd
"Hindalco Ltd reported a 5.3% YoY growth in revenues to ₹31,237 crore for Q2FY21, as compared to revenues of ₹29,657 crore for Q2FY20. EBIDTA for the quarter stood at ₹4,750 crore up 31.1% YoY while EBIDTA margins expanded by 299bps to 15.2%. PBT before exceptional items stood at ₹2,351 crore for the quarter up by 35.2% YoY. Net profit for the quarter was up by 85.0% YoY to ₹1,785 crore. The company posted a good set of numbers for the quarter which was driven by strong performance by Novelis and the aluminum segment. Novelis reported a 29.0% YoY growth in EBIT for the quarter while the aluminum segment posted a 31.9% segment YoY growth in segment EBIT for the quarter."
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