- Hindalco’s consolidated net profit for the first quarter was 30.7 billion rupees, showing a 25% year-over-year increase but missing the estimated 32.86 billion rupees.
- Total sales amounted to 570.1 billion rupees, up by 7.6% year-over-year, surpassing the estimate of 562.36 billion rupees.
- Copper sales reached 132.9 billion rupees, a 16% increase year-over-year, but fell short of the estimated 141.13 billion rupees.
- Copper EBITDA was 8.05 billion rupees, up by 52% year-over-year, exceeding the estimate of 6.13 billion rupees.
- Novelis EBITDA was 41.7 billion rupees, marking a 21% increase year-over-year and beating the estimate of 32.3 billion rupees.
- Total costs for the quarter were 522.6 billion rupees, up by 4.4% year-over-year.
- Other income for the quarter was 4.24 billion rupees, showing an 8.4% increase year-over-year.
- Parent company’s net profit was 14.7 billion rupees, compared to 6 billion rupees year-over-year.
- Parent company’s sales were 221.6 billion rupees, an 11% increase year-over-year but below the estimate of 241.75 billion rupees.
- Bharat Goenka has been appointed as CFO Designate, starting September 23.
- Ananyashree Birla and Aryaman Birla were named as new directors.
- Shares extended losses by as much as 1.6% following the announcement.
- A one-time cost of 3.3 billion rupees was incurred due to flooding at Novelis’s plant in Sierre, Switzerland. This includes impairment on property, plant, equipment, and a write-down on inventory.
A look at Hindalco Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assigned Hindalco Industries with solid scores across key factors indicating a promising long-term outlook. With a strong Value score of 4, the company is viewed favorably in terms of its valuation relative to its fundamentals. Coupled with a Growth score of 4, Hindalco Industries is perceived as having substantial potential for expansion and development in the future.
Additionally, the company’s Resilience score of 3 suggests a moderate ability to withstand market fluctuations, backed by a Dividend score of 3 highlighting a decent dividend payout. Although Momentum is rated at 3, indicating a neutral stance, the overall scores position Hindalco Industries as a company with a positive outlook for the long haul.
### Hindalco Industries Limited is an integrated aluminum manufacturer. The Company mines bauxite and refines it into alumina. The Company’s other operations include the smelting of alumina into aluminum, the manufacture of semi-fabricated rolled and extruded products. The Company’s products include aluminum ingots, steel rods and rolled flat steel products. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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