Hindalco Industries drops after weak Q4 numbers

The Q4 result was announced after market hours on Tuesday, 28 May 2013.

Meanwhile, the S&P BSE Sensex was down 11.33 points or 0.06% at 20,149.49.

On BSE, 1.48 lakh shares were traded in the counter as against average daily volume of 11.98 lakh shares in the past one quarter.

The stock hit a high of Rs 109.90 and a low of Rs 108.15 so far during the day. The stock had hit a 52-week low of Rs 86.90 on 26 March 2013. The stock had hit a 52-week high of Rs 137 on 2 January 2013.

The stock had outperformed the market over the past one month till 28 May 2013, surging 11.06% compared with the Sensex's 4.53% rise. The scrip had also outperformed the market in past one quarter, jumping 10.67% as against Sensex's 6.89% gain.

The large-cap company has equity capital of Rs 191.45 crore. Face value per share is Re 1.

The metals manufacturer said that the operational results for Q4 March 2013 showed significant improvement over Q3 December 2012, with EBITDA rising over 10% on sequential basis. The company said it delivered sequentially an improved EBITDA in every quarter during the year ended 31 March 2013 (FY 2013) of this year. The operating margin of the company grew by 72 basis points on sequential basis in Q4 March 2014 due to operational efficiencies. Net profit rose 11.05% to Rs 482 crore in Q4 March 2013 over Q3 December 2012.

Hindalco Industries said the company's ongoing projects with cumulative investment of about Rs 28000 crore have either been commissioned or at advanced stages of commissioning/implementation.

Hindalco Industries is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is the world's largest custom smelter at a single location.

Powered by Capital Market - Live News