19 AUGUST 2011stockmarketsreview
National Aluminium 1QFY2012 performance highlights and results update
Edited by : AL CIRCLE
1 min read
National Aluminium’s (Nalco) 1QFY2012 results were above our expectations. The company was able to sustain its margin on account of higher realisation. In light of the recent decline in stock price, we now have a Neutral view on the stock.
For 1QFY2012, Nalco’s net sales grew by 34.2% yoy to Rs.1,733cr, led by higher realisation of alumina and aluminium. Alumina realisation increased by 21.1% yoy to Rs.20,653/tonne and aluminium realisation increased by 18.3% yoy to Rs.122,086/tonne. The aluminum segment’s sales grew by 20.9% yoy to Rs.1,355cr due to higher LME prices despite metal volumes of only 2.2% yoy to 111kt. The chemical segment’s revenue grew by 60.6% yoy to Rs.646cr on the back of alumina sales volumes, which grew by 83.0% yoy to 183kt.
EBITDA grew by 34.5% yoy to Rs.530cr and EBITDA margin improved by 8bp yoy to 30.6%. The company was able to maintain its margin despite increased coal costs due to higher realisation. Other income grew by 41.1% yoy to Rs.127cr. Thus, net profit increased by 32.7% yoy to Rs.377cr in 1QFY2012.
For 1QFY2012, Nalco’s net sales grew by 34.2% yoy to Rs.1,733cr, led by higher realisation of alumina and aluminium. Alumina realisation increased by 21.1% yoy to Rs.20,653/tonne and aluminium realisation increased by 18.3% yoy to Rs.122,086/tonne. The aluminum segment’s sales grew by 20.9% yoy to Rs.1,355cr due to higher LME prices despite metal volumes of only 2.2% yoy to 111kt. The chemical segment’s revenue grew by 60.6% yoy to Rs.646cr on the back of alumina sales volumes, which grew by 83.0% yoy to 183kt.
EBITDA grew by 34.5% yoy to Rs.530cr and EBITDA margin improved by 8bp yoy to 30.6%. The company was able to maintain its margin despite increased coal costs due to higher realisation. Other income grew by 41.1% yoy to Rs.127cr. Thus, net profit increased by 32.7% yoy to Rs.377cr in 1QFY2012.
Previous article
Qingtongxia Energy Aluminum Corporation on the List of 100 Ningxia Enterprises
Next articleENRC increases its aluminium production by 20.4% in first half-year 2011
Grow with
AL Circle
