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Hindalco Industries: Realisations Hurt Topline - Views on News from Equitymaster
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Hindalco Industries: Realisations Hurt Topline
Feb 17, 2016

Hindalco Industries has announced the third quarter results of financial year 2015-2016 (3QFY16). While the topline declined by 5.3% YoY, bottomline declined by 88.7% YoY during the quarter.

Performance summary

  • Income from operations by 5.3% YoY during 3QFY16.
  • Operating profit declined by 27.3% YoY and operating margin has declined by 2.5% and stood at 8.2%.
  • Other income increase during this quarter by 17.7% YoY.
  • Net profit declined by 88.7% YoY on the back of declining operating profit, steep increase in depreciation and finance cost due to surge in other income.
  • Net profit for the 9MFY16 declined by 67.2% YoY.

Financial Snapshot (Standalone)

(Rs m) 3QFY15 3QFY16 Change 9mFY15 9mFY16 Change
Total Income 86,030 81,503 -5.3% 251,535 256,501 2.0%
Total Expenses 76,797 74,787 -2.6% 225,847 234,984 4.0%
Operating profit (EBITDA) 9,233 6,716 -27.3% 25,687 21,517 -16.2%
Operating profit margin (%) 10.7% 8.2%   10.2% 8.4%  
Other income 2,125 2,501 17.7% 6,521 8,621 32.2%
Interest 4,475 5,824 30.2% 11,708 18,001 53.8%
Depreciation 2,163 3,080 42.4% 5,994 9,358 56.1%
Profit before tax & exceptional items 4,721 313 -93.4% 14,508 2,780 -80.8%
Exceptional Item       4,312    
Tax 1,127 (92)   2,539 270 -89.4%
Net Profit 3,594 405 -88.7% 7,656 2,509 -67.2%
Net profit margin (%) 4.2% 0.5%   3.0% 1.0%  
No. of shares (m)         2,065  
Basic diluted earnings per share (Rs) ^         2.0  
P/E ratio (x) *         30.7  
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