Hindalco gains 2% post Q4FY19 numbers

Aluminium revenues (Incl. Utkal) were impacted on account of lower realisations

May 16, 2019 08:05 IST India Infoline News Service

Hindalco
Shares of Hindalco gained 2% on Thursday after the company's standalone PAT for the fourth quarter of FY19 dropped 37.4% yoy at Rs235.82cr.

The company’s revenue rose by 5.9% yoy to Rs12,373cr vs. expectation of Rs11,600cr. EBITDA stood at Rs902cr, while margin fell by 347bps yoy to 7.3%. Aluminium revenues (Incl. Utkal) were impacted on account of lower realisations. Margins declined by 54bps yoy on account of stronger rupee and lower realisations.

Hindalco Industries Ltd's share price is currently at Rs193.85, up by Rs3 or 1.57%, from its previous close of Rs190.85 on the BSE.

The scrip opened at Rs191.25 and has touched a high and low of Rs194.85 and Rs190.05, respectively. So far, 86,93,330 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs42,857cr.

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