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Last Updated : May 16, 2019 02:08 PM IST | Source: Moneycontrol.com

Hindalco Industries Q4 standalone profit falls 37% at Rs 236 crore

Operating profit or Earnings before interest, tax, depreciation and amortization (EBITDA) was down 13.7 percent at Rs 1,263 crore, while margin was down 230 bps at 10.2 percent

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Hindalco Industries has reported a fall in standalone net profit of 37.4 percent at Rs 236 crore. The company had reported a profit of Rs 377 crore in a year ago period.

The company's standalone revenue was up 5.9 percent at Rs 12,373 crore against Rs 11,687 crore in Q4FY18.

Operating profit or Earnings before interest, tax, depreciation and amortization (EBITDA) was down 13.7 percent at Rs 1,263 crore, while margin was down 230 bps at 10.2 percent.

The company's net profit including Utkal was down at Rs 506 crore against Rs 616 crore. However, revenue including Utkal was up at Rs 12,455 crore against Rs 11,687 crore.

EBITDA was down at Rs 1,733 crore, while margin was down at 13.9 percent.

Its aluminium EBITDA declined 33 percent at Rs 615 crore, while Copper EBITDA was down 4.3 percent at Rs 315 crore.

The company board recommended a dividend at 120 percent i.e. Rs 1.20 per equity share of face value of Re 1  each for the financial year ended March 31, 2019, subject to approval of the shareholders at the ensuing annual general meeting.

Satish Pai, Managing Director, Hindalco Industries said, “Our FY19 consolidated profits reached an all-time high in spite of a difficult business environment. This resilient performance reflects the strength of our integrated business model, excellent operational capabilities, stable operations and our enriched product portfolio."

At 1351 hrs Hindalco Industries was quoting at Rs 192.55, up Rs 1.70, or 0.89 percent.

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First Published on May 16, 2019 02:08 pm
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