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    HomeNewsBusinessMoneycontrol ResearchHindalco Industries: Focus on growth

    Hindalco Industries: Focus on growth

    Going ahead, the company may feel pressure on margins, given the higher coal cost

    Nandish Shah
    May 27, 2022 / 11:39 IST
    Hindalco Industries consolidated net doubles YoY to Rs 3,851 crore. Hindalco Industries consolidated net doubles YoY to Rs 3,851 crore as against Rs 1,928 crore recorded a year ago. Consolidated revenue for one of the largest metals company in India rose 37.7 percent on-year to Rs 55,764 crore as compared to a revenue of Rs 40,507 crore registered in the year-ago quarter. The growth was aided by the surge in commodity prices and higher volumes. The company recommended a dividend @400% (Rs 4 per share) for FY22 as against 300% (Rs 3 per share) for FY21.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More