Hindalco's subsidiary Novelis reports 4QFY2013 results - Angel Broking

Hindalco's subsidiary Novelis reported its 4QFY2013 results. The company's topline declined by 4.1% yoy to US$2500mn on account of flat sales volumes coupled with lower aluminium prices. The aluminium shipments in 4QFY2013 stood at 698kt. The EBITDA was also flat yoy at US$235mn and therefore the company reported a positive PAT of US$59mn compared to a PAT loss of US$107mn in 4QFY2012.

We maintain our Neutral view on Hindalco.

Source : Equity Bulls

Keywords