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HINDALCO
HINDALCO Announces Quarterly Results (3QFY21); Net Profit Up 76.2%

HINDALCO Announces Quarterly Results (3QFY21); Net Profit Up 76.2%
Thu, 11 Feb

HINDALCO has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

HINDALCO Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-19*	3 Sep-20*	3 Dec-20*	QoQ Change	YoY Change
Net Sales	Rs m	102,300	95,180	113,510	19.3%	11.0%
Other income	Rs m	1,390	1,660	1,850	11.4%	33.1%
Turnover	Rs m	103,690	96,840	115,360	19.1%	11.3%
Expenses	Rs m	92,170	86,660	101,690	17.3%	10.3%
Gross profit	Rs m	10,020	9,400	11,130	18.4%	11.1%
Depreciation	Rs m	4,280	4,270	4,140	-3.0%	-3.3%
Interest	Rs m	4,060	3,610	3,520	-2.5%	-13.3%
Profit before tax	Rs m	3,070	3,180	5,320	67.3%	73.3%
Tax	Rs m	1,140	1,200	1,920	60.0%	68.4%
Profit after tax	Rs m	1,930	1,980	3,400	71.7%	76.2%
Gross profit margin	%	9.8	9.9	9.8
Effective tax rate	%	37.1	37.7	36.1
Net profit margin	%	1.9	2.0	2.9

* Results Consolidated
Interim results exclude extraordinary / exceptional items

Source: Company Reports, Regulatory Filings, Equitymaster

Year-on-Year Performance:

The company's operating income during the quarter grew 11.0% on a year-on-year (YoY) basis. The expenses were up by 10.3% YoY during the same period.
The company's operating profit increased by 11.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 9.8% in 3QFY21.
Depreciation charges declined by 3.3% and finance costs declined by 13.3% YoY, respectively.
Other income increased by 33.1% YoY during the quarter.
Net profit for the quarter increased by 76.2% YoY. Net profit margins during the quarter increased from 1.9% in 3QFY20 to 2.9% in 3QFY21.

Quarter-on-Quarter Performance:

The company's operating income during the quarter grew 19.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.3% QoQ during the same period.
The company's operating profit increased by 18.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.8% in 3QFY21 as against 9.9% in 2QFY20.
Net profit for the quarter increased by 71.7% QoQ, while net profit margins increased from 2.0% in 2QFY20 to 2.9% in 3QFY21.

To see how HINDALCO has performed over the last eight quarters,please visit here.

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

HINDALCO Share Price Performance

Over the last one year, HINDALCO share price has moved up from Rs 193.6 to Rs 295.0, registering a Gain of Rs 101.4 or around 52.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,749.4 (up 0.7%). Over the last one year it has moved up from 9,778.8 to 12,749.4, a gain of 2,971 points (up 30.4%).

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 295.0, the price to earnings (P/E) ratio of HINDALCO stands at 80.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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HINDALCO Announces Quarterly Results (3QFY20); Net Profit Down 22.0% (Quarterly Result Update)

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For the quarter ended December 2019, HINDALCO has posted a net profit of Rs 2 bn (down 22.0% YoY). Sales on the other hand came in at Rs 102 bn (down 14.3% YoY). Read on for a complete analysis of HINDALCO's quarterly results.

HINDALCO Announces Quarterly Results (1QFY20); Net Profit Down 94.5% (Quarterly Result Update)

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HINDALCO SHARE PRICE

BSE: 361.05 -1.12% NSE: 361.05 -1.14%
Apr 9, 2021 (Close)

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