Hindalco shares took centre stage on Dalal Street on Wednesday after the Mumbai-headquartered metal company staged its financial results for the quarter as well as the year ended March 31. Brokerages maintained their largely positive views on the private sector company after the earnings announcement, with their targets ranging from Rs 720 to Rs 850, as against Tuesday’s closing price of Rs 662.7 apiece. Hindalco shares ended 0.1 per cent lower at Rs 662 apiece on BSE.
Here’s everything to know about Hindalco shares:
Hindalco Q4 FY25 Results | Top-line and bottom-line
During Tuesday's market hours, Hindalco reported a net profit of Rs 5,283 crore for the January-March period, marking an increase of 66.4 per cent over the corresponding period a year ago.
Its March-quarter revenue climbed up 15.9 per cent to Rs 64,890 crore, according to a regulatory filing.
How Hindalco profit and sales compare with estimates
According to Zee Business research, Hindalco was estimated to register a quarterly net profit of Rs 4,898 crore with revenue of Rs 60,449 crore.
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Q4 FY25 Earnings | How Hindalco fared operationally
Hindalco’s fourth-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) expanded by about one-third to Rs 8,836 crore, from Rs 6,681 crore a year ago, according to the filing.
Its margin, a key measure of profitability, expanded by 170 basis points (bps) to 13.6 per cent.
According to Zee Business research, Hindalco's quarterly EBITDA and margin were estimated at Rs 8,447 crore and 13.97 per cent, respectively.
Hindalco dividend per share
The Mumbai-headquartered metal firm declared a dividend of Rs 5 per equity share—a 500 per cent payout given the face value of Re 1 per equity share.
Hindalco Q4 Earnings | What brokerages say
According to CLSA, Hindalco staged a strong financial performance for the March quarter aided by higher metal rates, better downstream margins and lower costs.
The brokerage raised its target price by Rs 35 to Rs 850 per share while maintaining its 'accumulate' rating for the largecap metal stock.
Brokerage | Rating | Target |
CLSA | Accumulate | Raised to Rs 850 from Rs 815 |
JPMorgan | Overweight | Raised to Rs 720 from Rs 680 |
Citi | Buy | Raised to Rs 800 from Rs 725 |