Hindalco reports net profit of Rs. 309 crore

Hindalco reported results for the second quarter of FY19. The company's standalone revenue improved marginally by 5 per cent to Rs. 10833 crore from Rs. 10313 crore in the corresponding quarter of last year. In this quarter, aluminium business recorded around 18 per cent YoY growth, but copper business declined by almost 8 per cent YoY. 

Its EBITDA for the quarter fell by 21.8 per cent YoY to Rs. 1090.59 crore, with a corresponding margin contraction of 346 bps. The EBITDA margin for the quarter stood at 10.1 per cent. This was mainly on account of increase in cost of material consumed in proportion to revenue.

The PAT for the quarter came in at Rs. 308.62 crore, a decline of 21.4 per cent YoY.  
  
Ahead of  its quarterly results, the stock of Hindalco on Friday’s trading session remained positive and closed at Rs 240.4, up by almost 4 per cent from the previous close.