Hindalco Industries Ltd's Q2FY17 standalone net profit rises 208% yoy to Rs.380.76 crore : Estimates Mixed

India Infoline Research Team | November 12, 2016 15:01 IST

Hindalco Industries Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 9,562 0.0
EDITDA 1,156.38 88.2
EBITDA Margin (%) 12.1 567
Net Profit (adjusted) 380.76 208
***EBITDA margin change is bps


Hindalco Industries Ltd’s Q2FY17 numbers came in mix bag with our estimates. Revenue came in 21.7% higher than the estimate of Rs 7859 cr. EBITDA margin was lower by 391 bps from the estimate of 16% and net profit was 4.9% higher than the estimated figure of Rs 363 cr.
Revenue for the quarter was flat at Rs 9562 cr. 
Reported EBITDA surged by 88.2% yoy to Rs 1156 cr while EBITDA margins expanded by 567 bps yoy to 12.1%. This was largely due to 9.3% yoy decrease in cost of goods sold.
Net profit(adjusted) jumped by 208% yoy to Rs 381 cr primarily due to 5.3% yoy decrease in finance cost and effect of scale.

Technical View:

Hindalco Industries Ltd ended at Rs. 175.45, down by 0 points or 0% from its previous closing of Rs. 175.45 on the BSE.
The scrip opened at Rs. 174.3 and touched a high and low of Rs. 178 and Rs. 171.3 respectively. A total of 10606499(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

BSE 168.80 [2.60] ([1.52]%)
NSE 168.75 [2.60] ([1.52]%)

***Note: This is a NSE Chart

 

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