Hindalco Industries reported 19.73% growth in gross revenues for the Dec-20 quarter on consolidated basis at Rs34,958cr. In the quarter, Novelis reported 17% growth to touch all time high shipments at 933KT. While copper did report a yoy fall in sales, even the India aluminium business saw a sharp growth of nearly 30% in revenues. The copper production was lower at 51KT in the quarter largely due to maintenance shutdown at one of its smelters. Within copper, the CCR sales were higher, albeit a small component.
For the Dec-20 quarter, the consolidated operating profits were up 70.6% at Rs3,543cr. The biggest contribution to EBITDA, nearly 80% came from the Global Novelis business and the India aluminium business. OPM expanded sharply from 7.11% in Dec-19 quarter to 10.14% in Dec-20 quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 90.3% at Rs2,021cr from continuing operations, with the results of the discontinued operations being excluded from the bottom line numbers. PAT margins improved from 3.64% in the Dec-19 quarter to 5.78% in the Dec-20 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
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Hindalco Industries |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 34,958 |
₹ 29,197 |
19.73% |
₹ 31,237 |
11.91% |
|
Operating Profit (Rs cr) |
₹ 3,543 |
₹ 2,077 |
70.58% |
₹ 3,042 |
16.47% |
|
Net Profit (Rs cr) |
₹ 2,021 |
₹ 1,062 |
90.30% |
₹ 1,785 |
13.22% |
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Diluted EPS (Rs) |
₹ 9.08 |
₹ 4.77 |
|
₹ 8.03 |
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OPM |
10.14% |
7.11% |
|
9.74% |
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Net Margins |
5.78% |
3.64% |
|
5.71% |
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