Q4FY18 Results: Hindalco posts stable numbers

Hindalco reported stable numbers over the quarter. The company recorded highest ever aluminium and copper output for the year.

Total revenue for the quarter declined by 1.2 per cent yoy and rose by 5.8 per cent qoq to Rs.11,681 crore in Q4FY18 as against Rs. 11,817 crore in Q4FY17 and Rs. 11,044 crore in Q3FY18. This was largely due to lower aluminium and copper revenue declining marginally over the previous year corresponding quarter.

The EBITDA for the quarter grew by 1.2 per cent yoy and declined 2.9 per cent qoq to Rs. 1,807 crore in Q4FY18 vs Rs. 1,786 crore in Q4FY17 and Rs. 1,867 crore in Q3FY18. The EBITDA margins for the quarter also showed little improvement over the previous year same period.

The net profit for the quarter grew by 12.8 per cent yoy and 27.3 per cent qoq to Rs. 616 crore in Q4FY18 vs Rs. 546 crore in Q4FY17 and Rs. 484 crore in Q3FY18. The finance costs for the quarter declined by 18 per cent yoy to Rs. 446 crore in Q4FY18 vs Rs. 541 crore in Q4FY17.

For the full year, the revenue grew by 9.4 per cent yoy and EBITDA for the full year FY18 grew by 11 per cent and net profit grew by 36 per cent yoy to Rs. 1,934 crore in FY18.

The company achieved highest ever aluminium and copper production at 1291kt and 410 kt, respectively. Novelis, also recorded $635 million PAT vs $45 million in FY18