- 27 May 2022
- ICICIdirect Research
HINDALCO REPORTS OPERATIONALLY HEALTHY SET OF NUMBERS FOR Q4FY22
News: For Q4FY22, Hindalco’s India business reported topline of | 19628 crore, up 36% YoY, 6% QoQ, higher than our estimate of | 19235 crore. For the quarter, Indian aluminium business reported sales volume of 336000 tonnes higher than our estimate of 325000 tonnes. For the quarter, Indian copper business reported sales volume of 105000 tonnes, marginally higher than our estimate of 100000 tonnes. For Q4FY22, Hindalco’s Indian Business EBITDA (business segment EBITDA) was at | 4439 crore, up 107% YoY and 18% QoQ, higher than our estimate of | 3972 crore. Ensuing PAT of Hindalco’s India business for Q4FY22 was at | 2004 crore, up 207% YoY, 16% QoQ, broadly in line with our estimate of | 2075 crore
Views: Hindalco’s India business reported an operationally healthy performance for Q4FY22 wherein topline and EBITDA came in higher than our estimates. For the quarter, Hindalco’s Indian aluminium Business EBITDA was at | 4050 crore, up 123% YoY, 20% QoQ, higher than our estimate of |3596 crore. For the quarter, Hindalco’s Indian copper business EBITDA was at | 387 crore, up 20% YoY but down 1% QoQ, broadly in line with our estimate of | 376 crore. During the quarter, Hindalco reported an exceptional expense to the tune of | 107 crore. Ensuing PAT of Hindalco’s India Business for Q4FY22 stood at | 2004 crore, up 207% YoY and 16% QoQ, broadly in line with our estimate of | 2075 crore
Impact: Positive