Hindalco - Q3 FY13 Results First Cut - Microsec

Hindalco Ind announced its Q3FY13 results on 8TH Feb, 2013.

The company's standalone net sales arrived at INR6789.9 crores, which was up by 3.03% and 11.04% on YoY and QoQ basis due to higher volume growth of Aluminium and Copper both. The EBITDA for the quarter was INR582.06 crore, which was down by 18.41% on YoY basis, but sequentially up by 12.95%. The company posted a net profit of INR433.52 crore, marginally down by 3.81% on YoY basis, but significantly up by 20.80% sequentially due to higher other income of INR318.08 crore.

The other income included an income of non-recurring in nature amounting to INR144 crore. The net profit excluding this other income amounts to INR289.52 crore, which results in de-growth of 35.78% and 19.33% on YoY and QoQ basis.

Note: The standalone net sales and net profit represent ~35-40% of the total consolidated results. The remaining of 60-65% of revenue comes in from Novelis Inc.

Source : Equity Bulls

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