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Stock Report
Hindalco Industries Ltd Q1FY22 consolidated PAT surges to Rs. 2787 crores
Posted On : 2021-08-06 14:37:12( TIMEZONE : IST )
Hindalco Industries Ltd. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.41625 crores during the period ended June 30, 2021 as compared to Rs.40696 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.2787 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1928 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.12.51 for the period ended June 30, 2021 as compared to Rs.8.66 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 41625 crs | ₹ 40696 crs |  2.28% |
| Net Profit | ₹ 2787 crs | ₹ 1928 crs | 44.55% |
| EPS | ₹ 12.51 | ₹ 8.66 | 44.46% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.41625 crores during the period ended June 30, 2021 as compared to Rs.25702 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.2787 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(709) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.12.51 for the period ended June 30, 2021 as compared to Rs.(3.19) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 41625 crs | ₹ 25702 crs | 61.95% |
| Net Profit | ₹ 2787 crs | ₹ (709) crs | 493.09% |
| EPS | ₹ 12.51 | ₹ (3.19) | 492.16% |
Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries Ltd., said, "This quarter we delivered record-breaking financial results despite the impact of the Covid second wave. Our robust financial performance, accelerated pace of deleveraging and the increasing strength of our balance sheet has been recognised by the market and is reflected in credit rating upgrades for both Novelis and Hindalco.
The improvement is visible across all our business segments where we are seeing strong demand, plants running at capacity, and better margins. We continue to keep employees protected and derisk plant facilities by taking all Covid-appropriate measures. We have started FY22 at a strong pace and we are confident that our resilience against market swings will support us in continuing to deliver our best. More importantly, we believe our focus on setting and achieving carbon neutrality and other ESG goals will keep Hindalco in the leadership position as the world's most sustainable aluminium value-added player."
Shares of Hindalco Industries Ltd. was last trading in BSE at Rs. 443 as compared to the previous close of Rs. 442.8. The total number of shares traded during the day was 397814 in over 5983 trades.
The stock hit an intraday high of Rs. 445.95 and intraday low of 433.4. The net turnover during the day was Rs. 174951429.
