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Hindalco: Margins inch up - Views on News from Equitymaster
 
 
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  • Jan 23, 2001

    Hindalco: Margins inch up

    Hindalco Industries has recorded a 11% growth in bottomline during the third quarter of the current fiscal year. The company has benefited largely from the growth in realisations, higher value addition in output and cost savings. Aluminium production growth was marginal, as the company is operating at full capacity.

    (Rs m) 3QFY00 3QFY01 Change
    Sales 5,022 5,611 11.7%
    Other Income 345 393 13.9%
    Expenditure 2,741 3,029 10.5%
    Operating Profit (EBDIT) 2,281 2,582 13.2%
    Operating Profit Margin (%) 45.4% 46.0%  
    Interest 157 163 3.8%
    Depreciation 347 357 2.9%
    Profit before Tax 2,122 2,455 15.7%
    Other Adjustments - -  
    Tax 595 755 26.9%
    Profit after Tax/(Loss) 1,527 1,700 11.3%
    Net profit margin (%) 30.4% 30.3%  
    No. of Shares (eoy) 74.5 74.5  
    Diluted Earnings per share#* 81.99 91.28 11.3%
    *(annualised)      

    Another factor that has contributed to buoyant growth is a 26% growth in exports during the first nine months of the fiscal year. The company anticipates that the international scenario will positive in view of the production cutbacks, low inventory levels and good consumption trends.

    We have projected the company's bottomline to grow 18% to Rs 7,200 m. So far, the company has recorded a growth of over 15%, which is broadly in line. In the coming quarter the company is likely to benefit from fresh capacity going on stream (in phases).

    The stock currently trades at Rs 775, implying a P/e multiple of 8.5x on third quarter annualised earnings.

     

     

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    More Views on News

    Hindalco: Strong Performance at Operating Level (Quarterly Results Update - Detailed)

    Feb 22, 2017

    Hindalco Industries has reported a 14.5% YoY increase in the topline while the bottomline came at Rs 3.2 billion.

    Hindalco Industries: Strong Operational Performance Boosts Profitability (Quarterly Results Update - Detailed)

    Nov 30, 2016

    Hindalco Industries has reported a 1.1% YoY increase in the topline while the bottomline has accelerated by 255.4% YoY.

    Hindalco Industries: Cost Efficiency Boosts Profitability (Quarterly Results Update - Detailed)

    Aug 18, 2016

    Hindalco Industries has reported a 11.4% YoY decline in the topline while the bottomline has accelerated by 379% YoY.

    Hindalco Industries: A Stellar performance (Quarterly Results Update - Detailed)

    Jun 6, 2016

    Hindalco Industries has reported a 7.5% YoY decline in the topline while the bottomline has accelerated by 123.4% YoY.

    Hindalco Industries: Realisations Hurt Topline (Quarterly Results Update - Detailed)

    Feb 17, 2016

    Hindalco Industries has reported a 5.3% decline in topline while the bottomline has declined by 88.7%

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