About the Company:
Being a most populist metal stock, Hindalco Industries has been the most Star Trading House status in India. Hindalco Industries is a flagship company of Aditya Birla Group. It is the industry leader in aluminium and copper, established in 1958, headquartered in Mumbai, India. Its aluminum is registered under the High-Grade Aluminium Contract on the London Metal Exchange (LME), while copper is also available in LME with Grade-A certification.
QoQ & YoY Performance:
India’s Aluminum and Copper manufacturing Company has declared the results for the second quarter of the fiscal year ending March 2020.
- QoQ Performance: Consolidated Net revenue of the company reported to Rs.29657 cr. down by around 8.77% in the September quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.26026 cr. is fell by 1.79%. EBITDA numbers increased by 4.01%.
- YoY Performance: The Company has reported a 8.77% decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company has witnessed a reduced by 8.35%. EBITDA numbers also fell by 8.35%.
- Profitability of the company: Profit after tax of the company resulted in a gain of Rs.974 cr. fell by 8.37% QoQ and slump by 32.73% YoY.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock closed at Rs.200.15 per share, the company’s combined financial performance reflecting some weakness in their income statement. Though it seems like stock price can be touch 255+ levels in this quarter. So our recommendation for Hindalco is to "Buy" it for the above-said target price.