AL CIRCLE
Hindalco 3QFY2011 performance highlights and results update
Edited by : AL CIRCLE
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...Hindalco’s standalone net revenue grew by 12.0% yoy and 2.0% qoq to Rs.5,918cr due to higher realisation despite lower sales volumes. During the quarter, a) production at Hirakud continued to be lower by 4.4% yoy (up 10.1 qoq) to 136kt, b) alumina production fell by 5.8% yoy and 7.7% qoq to 320kt due to maintenance shutdown and c) the breakdown at Dahej resulted in lower copper production to 80kt (down 10.0% yoy, 14.7% qoq). EBITDA remained flat yoy (up 6.0% qoq) to Rs.740cr. EBITDA margin dipped by 164bp yoy to 12.5% and remained flat qoq due to lower TC/RCs and higher energy cost. Interest ...
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