InvestorQ : How do you see the Mar-20 numbers of Hindalco?
prachi Patwardhan made post

How do you see the Mar-20 numbers of Hindalco?

Answer
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4 months ago


Hindalco, the Aditya Birla group’s mega aluminium venture, recorded 43% fall in Mar-20 net profit at Rs.668 crore. Lower numbers in the quarter were driven by drop in volumes in key product segments and lower realisations. Even its full year net profits at Rs.3767 crore was 31% lower on a YOY basis. As the company has been able to keep costs under control, the EBITDA margin has been maintained at 20% which is extremely positive for a metals company. The Coronavirus meant that there was lower demand from key markets like auto, building and construction sectors while there was steady growth in food and pharmaceutical packaging segments. Hindalco will also cut its overall capex by 40% considering the fund constraints as well as the demand worries.