Q4FY21 Result Update - Hindalco - ICICI Direct

For Q4FY21, both Hindalco's India business as well as Novelis reported a healthy performance. Hindalco's India business reported healthy performance for Q4FY21 wherein reported topline, EBITDA and PAT came in higher than our estimates. Better-than-expected performance of India business was primarily on the back of higher-than-expected aluminium and copper sales volume. The aluminium segment reported sales of 329000 tonnes (higher than our estimate of ~325000 tonne) while copper sales were at 107000 tonne (higher than our estimate of ~85000 tonne). For Q4FY21, Hindalco's India business reported topline of Rs. 14471 crore (up 45% YoY, 27% QoQ) higher than our estimate of Rs. 13340 crore. EBITDA of Hindalco's India business was at Rs. 1886 crore (up 30% YoY, 23% QoQ) higher than our estimate of Rs. 1724 crore. PAT for Hindalco's India business was at Rs. 653 crore, (up 72% YoY, 32%QoQ), higher than our estimate of Rs. 439 crore. For Q4FY21, Novelis' operational performance for Q4FY21 also came in better than our estimate. For the quarter, total flat rolled product (FRP) shipments were at 983 kilotonnes (KT), up 21% YoY (higher than our estimate of 950 KT) while adjusted EBITDA/tonne was at US$514/tonne, up 9% YoY (higher than our estimate of US$500/tonne).

For details, click on the link below: Link to the report

Shares of HINDALCO INDUSTRIES LTD. was last trading in BSE at Rs.391.4 as compared to the previous close of Rs. 389.65. The total number of shares traded during the day was 879211 in over 13583 trades.

The stock hit an intraday high of Rs. 399.5 and intraday low of 389.65. The net turnover during the day was Rs. 347819815.

Source : Equity Bulls

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