- 12 Nov 2022
- ICICIdirect Research
Hindalco India business reported healthy performance for Q2FY23
HINDALCO - 420 Change: 6.35 (1.54 %)News:
For Q2FY23, Hindalco’s India business reported topline of Rs 18963 crore, up 9% YoY however down 4% QoQ, higher than our estimate of Rs 17543 crore. For the quarter, Indian Aluminium business reported sales volume of 341000 tonnes higher than our estimate of 335000 tonnes. For the quarter, Indian Copper business reported sales volume of 112000 tonnes, higher than our estimate of 105000 tonnes
- For Q2FY23, Hindalco’s Indian Business EBITDA (Business segment EBITDA) stood at Rs 2091 crore higher than our estimate of Rs 1782 crore
- For the quarter, Hindalco’s Indian Aluminium Business EBITDA stood at Rs 1547 crore higher than our estimate of Rs 1350 crore. Of the overall India Aluminium Business EBITDA, upstream Aluminium Business EBITDA stood at Rs 1347 crore while downstream Aluminium Business EBITDA stood at Rs 200 crore. For the quarter, Hindalco’s Indian Copper Business EBITDA stood at Rs 544 crore, up 54% YoY, higher than our estimate of Rs 432 crore. The ensuing PAT of Hindalco’s India Business for Q2FY23 stood at Rs 921 crore