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The main demand is to increase fees and enforce quantitative restrictions. Increased operational efficiency and reduced financial costs allowed Hindalco Industries' self-sustaining net profit to grow 54% over the previous year. These figures also include the financial statements of Utkal Alumina International.
However, management has been cautious about rising imports in the context of an increasingly global trade war. General Manager Satish Pai said that while aluminum demand in India is growing at a rapid pace of 13% year-over-year, domestic producer sales have only increased by 2%.
"Market growth has been completely swept away by year-over-year imports from 55% to 60% of their market share. This is important considering that it was 40% a few years ago. At this rate, India is worried about an import bill exceeding $ 5 billion during fiscal year 19 and that will further weigh on our trade deficit in the US. suffering, "said Pai.
duty as well as putting quantitative restrictions.As regards the scrap, which is being dumped from the United States after the China recently imposed a 25% import duty on the product from the United States, the demand is to equalize the right between scrap metal and metal
Operating revenue rose 5% slippage The quarterly EBITDA (earnings before interest, taxes, depreciation and amortization) of 1,922 crore is up by more than 5% compared to the second quarter of year 19 due to Supported macros, operational excellence and better achievements, the company said in a statement. Despite rising input costs, mainly coal and fuel oil.
Interest expense was 16% lower year on year at 479 crores of annuity, mainly due to the revaluation of long-term loans and repayment of loans last year
the year before. LME aluminum (Al) posted the best performance among base metals, with a 2% year-on-year increase, Edelweiss Securities said in a recent report. However, in terms of costs, coal prices continued to remain firm, with an online auction premium of about 75-80% on a medium and high price of imported coal (north of $ 100 / ton), high prices for alumina (up). Edelweiss said Hindalco's EBITDA price for the aluminum sector was Rs.1,364 crores during the quarter, up 13 percent year-on-year. Strong support macros, partially offset by higher input prices.
The copper sector's EBITDA, however, decreased by 17 percent year on year to 388 million rupees, mainly due to lower volumes due to planned maintenance shutdowns in July also due to copper realizations weaker. This was partially offset by higher by-product achievements.
Net debt to EBITDA increased from 2.67 to 2.47 rupees from 2.67 to 2.67 at the end of March 2018, the statement said. Stock price of BSE and NSE and the latest net worth of inventory, mutual fund portfolio, calculate your income tax by income tax calculator, know the best winning funds, best losers and best stock market funds. Like us on Facebook and follow us on Twitter .
