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15 NOVEMBER 2018 AL CIRCLE

Hind Aluminium’s net profit drops 24% YoY in Q2 FY2018-19

EDITED BY : HEENA IQBAL 1MINS READ

Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy Conductors and aluminium wire rods for power transmission and distribution applications, has reported financial results for the 2nd quarter ended on 30th September, 2018.

Net sales stood at INR133.53 crore in Q2 FY2018-19, down 14% from Q2 FY2017-18 total of INR155.26 crore. On month-on-month basis, net sales dropped 17.5% from Q1 FY2018-19 total of INR161.87 crore.

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The company’s net profit registered INR 2.18 crore for the September quarter 2018, from INR 2.87 crore for the September quarter 2017. Data shows a decline of 24% YoY. On month-on-month basis, net profit declined 19.85 % from Q1 FY2018-19 total of INR2.72 crore.

Hind Aluminium’s EBITDA stood at INR 8.88 crore for the second quarter ended on 30th September, 2018, down 7.11% from INR 9.56 crore in the same period last year. EPS stood at INR3.56 in September quarter 2018.

Hind Aluminium had reported net profit of INR 8.76 crore in the year ended March 2018 as against INR5.31 crore during the previous year ended March 2017. Sale was INR 705.56 crore in the year ended March 2018 as against INR 498.17 crore during the previous year ended March 2017.


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EDITED BY : HEENA IQBAL 1MINS READ

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