Sunday 19 May 2019
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business-standard - 3 days ago

High input costs, weak macros pull down Hindalco s Q4 profit to Rs 506 crore

Hindalco Industries, the metals flagship company of the Aditya Birla Group, said on Thursday its standalone profit after tax during fourth quarter of fiscal 2018-19 plunged to Rs 506 crore from Rs 616 crore in the same quarter of previous year.The dip was largely due to weak macros and higher input costs, it said in a statement.While revenue from operations increased to Rs 12,455 crore from Rs 11,687 crore, EBITDA (earnings before interest, tax, depreciation and amortisation) dropped to Rs 1,733 crore from Rs 1,807 crore.In the full financial year ending March 2019, revenue from operations totalled Rs 45,908 crore compared to Rs 43,462 crore in the year ending March 2018.Profit after tax too went up to Rs 2,678 crore from Rs 1,934 crore while EBITDA moved to Rs 7,532 crore from Rs 7,154 crore.On a consolidated basis, revenue from operations jumped to Rs 130,542 crore in FY 19 from Rs 115,820 crore in FY 18. Profit after tax slipped to Rs 5,495 crore from Rs 6,083 crore while EBITDA ...


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