Below are Views On Hindalco Industries 3QFY21 Result Update By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 3QFY21, Hindalco Industries Ltd (HIL) reported revenue of ~Rs34,958cr (up 20% YoY). The results were driven by a strong performance by Novelis and India Aluminium Business, supported by higher volumes. On the EBITDA front, the company has reported Rs5,521cr and EBITDA margin at 15.8%, which is up by 320bps yoy due to better product mix, lower input costs, stability in operations and cost saving actions. On the bottom-line front, PAT grew by ~77% to Rs1,877cr. Overall 3Q results were better than expectation. Hence, we are positive on stock.
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