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Hindalco Industries: Focus on growth

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

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