Fri, May 24, 2024
Hindalco's consolidated profit after tax (PAT) for fourth quarter is seen edging higher by 14 per cent on-year to Rs 2,745 crore compared to Rs 2,411 crore in Q4FY23. Revenue from operations is estimated to slip by 2 per cent year-on-year and come in at Rs 54,655 crore compared to Rs 55,857 crore in the corresponding period of the previous fiscal.
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Thu, May 23, 2024
Hindalco Industries, led by Kumar Managalam Birla, is scheduled to report its Q4 earnings on May 24 (Friday). Zee Business research analysts expect the country’s largest aluminium and copper producer to report strong March quarter earnings.
Tue, Apr 16, 2024
Nifty 50 large-cap stocks such as Coal India, ONGC, and Bharat Petroleum Corporation Ltd have been the top 3 stocks in the last one year.
Mon, Apr 15, 2024
Hindalco hit a 52-week high on BSE on Monday (April 15, 2024) after the LME on Saturday banned from its system Russian metal produced on or after April 13 to comply with new U.S. and UK sanctions imposed for Russia's invasion of Ukraine. The sanctions aim to restrict revenues for Russia from the export of metal produced by companies such as Rusal and Nornickel that help to fund its military operations in Ukraine.
Mon, Apr 01, 2024
The development that the government may increase the anti dumping duty on aluminum foil imported from Thailand is likely to help Hindalco. DGTR has started the mid-term review on the application of six companies, including Hindalco.
Fri, Mar 01, 2024
Hindalco share price: Investors need to be watchful of the use of cash and growth projects, the brokerage added.
Wed, Feb 14, 2024
Hindalco's consolidated profit after tax increased to Rs 2330 crore in the December quarter from Rs 1360 crore Year-on-Year (YoY) against Zee Business research estimates of Rs 2418 crore. The consolidated revenue from operations, however, decreased to Rs 52,808 crore in Q3 from Rs 53,150 crore YoY. It was below analyst estimates of Rs 52,673 crore.
Wed, Jan 17, 2024
The dollar on Monday rose by 0.47 per cent to a month-high of 103.13 against a basket of currencies. It gained 0.2 per cent overnight. The Nifty metal benchmark, meanwhile, was trading lower by 1.63 per cent at 7812.35 on Wednesday morning, on a day when BSE Sensex and Nifty 50 plummeted.
Thu, Sep 21, 2023
Stock market today: Aluminium demand in India is expected to jump to 9 million metric tons by 2033 from about 4.5 million this year.
Mon, Mar 20, 2023
Top Gainers and Losers: Most of the sectoral indices traded in line with the benchmark wherein metal, realty and IT were among the top losers.
Mon, Nov 14, 2022
Top gainer today: Even though Hindalco Industries recorded a decline in Consolidated Profit After Tax (PAT) of 35 per cent, results were still better than estimated, which led to the stock surge more than 5 per cent.
Thu, Aug 04, 2022
Hindalco subsidiary Novelis’ 1QFY23 adjusted EBITDA was much ahead of several brokerages' estimates led by a sharp recovery in margins in North America mainly due to an improvement in semiconductor supplies.
Fri, Jun 17, 2022
Despite metal being the biggest laggard on the benchmarks (Nifty50 and BSE Sensex) in the past few months, global brokerages remain bullish on Hindalco Industries.
Fri, May 27, 2022
Hindalco Industries, an Aditya Birla Group's company, doubled its consolidated profit year-on-year in the quarter ended March 2022.
Thu, Feb 11, 2021
Hindalco’s Q3 EBITDA rose 53% YoY and came 6% above Jefferies estimate. Novelis is benefiting from good demand across autos, cans and specialty segments, and delivered decade-high EBITDA/ton. India aluminum EBITDA also improved QoQ led by higher LME prices, but copper business remained subdued. Net debt was down 7% QoQ for the second consecutive quarter.
Thu, Feb 04, 2021
Hindalco Share price today: Novelis Q3 FY21 EBITDA surprised with adjusted EBITDA of US $537 against expected US$485. Part of the beat has been on account of US $25 mn favourable gain on customer contractual obligation in Europe (one-off). Further, buoyancy in South American operations where EBITDA expanded US $17 mn QoQ helped. These largely explain the EBITDA increase QoQ and 70% of the EBITDA beat. Aleris EBITDA at US $50 mn is flat QoQ (US $47 mn in Q2 FY21).
Fri, Mar 03, 2017
After touching 52-week high, soon the markets on Thursday turned bearish.
Mon, Feb 13, 2017
Aditya Birla-owned Hindalco on Monday announced its financial result for the quarter ended on December 31.
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