Hindalco Q1 Results Review - In Capex Mode: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Hindalco Industries Ltd.’s Q1 FY25 consolidated Ebitda was 5% ahead of Street’s estimate. Key points:Record copper Ebitda of Rs 8.05 billion on account of higher treatment/refining charges margins and higher downstream sales volume.Al (upstream) Ebitda/tonne was aided by higher London Metal Exchange Aluminium prices and benign cost.India operations reported net cash position of Rs 17 billion. Consolidated net debt/Ebitda was at 1.24 times versus 1.73 times a year ago. .Management expects to start the upstream capex in India across all three products – alumina, copper and aluminium – aided by its healthy balance sheet that sports sufficient headroom for growth. At Novelis, we expect rejuvenated beverage can volumes and softening costs would maintain Ebitda in the range of $535-545/tonne. Maintain Buy and a target price of Rs 830 on seven times FY26E Ebitda..Click on the attachment to read the full report:.Hindalco Q1 Results Review - Performance Inline With Estimates: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Hindalco Q1 Results Review - In Capex Mode: ICICI Securities

The brokerage is positive on the multi-pronged growth avenues that the company is pursuing.

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Hindalco Q1 Results Review - In Capex Mode: ICICI Securities

The brokerage is positive on the multi-pronged growth avenues that the company is pursuing.

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