{"id":15022,"date":"2020-08-14T12:07:29","date_gmt":"2020-08-14T12:07:29","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=15022"},"modified":"2020-08-14T12:07:29","modified_gmt":"2020-08-14T12:07:29","slug":"hindalco-logs-standalone-net-loss-of-rs40cr-in-q1-aluminium-india-metal-sales-steady","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=15022","title":{"rendered":"Hindalco logs standalone net loss of Rs40cr in Q1; Aluminium India metal sales steady"},"content":{"rendered":"<p><\/p>\n<div id=\"story_card\">\n                                                <!--read more button--><\/p>\n<p>                                                <!--read more button--><br \/>\n                                                <!--start Current story content--><\/p>\n<div class=\" current_content serif\">\n<div style=\"display: inline; text-align: justify;\">\n\t<img loading=\"lazy\" decoding=\"async\" align=\"left\" alt=\"Hindalco\" class=\"imgCont\" height=\"233\" src=\"https:\/\/content.indiainfoline.com\/_media\/iifl\/img\/misc\/2019-05\/16\/full\/hindalco-1557996605-4341350.jpg\" style=\"margin: 5px;\" title=\"Hindalco\" width=\"350\"\/><\/div>\n<div style=\"text-align: justify;\">\n\tAluminium and copper manufacturer, <a href=\"https:\/\/www.indiainfoline.com\/Company\/Hindalco-Industries-Ltd\/252\">Hindalco<\/a> on Friday standalone net loss of Rs40cr for the first quarter ending June 2020 (Q1FY21), compared to a profit of Rs23cr posted last year same quarter. Standalone revenue, meanwhile, dropped by 26.20% yoy to Rs7,420cr.<\/p>\n<p>On a consolidated basis, the company registered a net loss of Rs709cr in the quarter under review, against a profit of Rs1,063cr of Q1FY20. Consolidated revenue from operations saw a decline of 15.64% yoy to Rs25,283cr.<\/p>\n<p>Talking about the financial performance, Satish Pai, Managing Director, Hindalco Industries said, \u201cI am pleased with our ability to forge ahead despite the weak post-COVID market scenario. All our Aluminium India smelters operated at more than 90% capacity during the lockdown. We maintained our sales volumes, with exports accounting for nearly 80% of sales. This performance led to our Indian Aluminium Business recording an industry-high EBITDA margin.&#8221;<\/p>\n<p>Pai added, &#8220;Novelis also delivered an industry-high EBITDA per ton, amidst a challenging business environment, partly due to strong contribution by Aleris. Novelis\u2019 automotive customers across regions are trending upwards, towards reaching pre-pandemic production levels, with record automotive shipments in China. We are seeing green shoots both in domestic and international markets and we are ready to handle the rise in demand.\u201d<\/p>\n<p>Other key highlights of the financial performance in Q1FY21 versus Q1FY20, as per the regulatory filing are:<\/p>\n<\/div>\n<ul>\n<li style=\"text-align: justify;\">&#13;<br \/>\n\t\tSteady Aluminium India metal sales at 303 Kt versus 320 Kt.<\/li>\n<p>&#13;<\/p>\n<li style=\"text-align: justify;\">&#13;<br \/>\n\t\tSustained Aluminium India Business EBITDA at Rs856cr versus Rs853cr.<\/li>\n<p>&#13;<\/p>\n<li style=\"text-align: justify;\">&#13;<br \/>\n\t\tAn industry-best EBITDA margin of 19.3%, up 380 bps in Aluminium India Business.<\/li>\n<p>&#13;<\/p>\n<li style=\"text-align: justify;\">&#13;<br \/>\n\t\tAchieved record automotive shipments in Asia in Novelis.<\/li>\n<p>&#13;<\/p>\n<li style=\"text-align: justify;\">&#13;<br \/>\n\t\tNovelis Adjusted EBITDA at $253M; Adjusted EBITDA per ton at $327.<\/li>\n<p>&#13;<\/p>\n<li style=\"text-align: justify;\">&#13;<br \/>\n\t\tCompleted acquisition of Aleris on April 14 and began integration to drive synergies.<\/li>\n<p>&#13;\n<\/ul>\n<p>&#13;<br \/>\n\tOn Sensex, Hindalco stock ended flat at Rs183.85 per piece.\u00a0<\/p>\n<p>                                                    <!--start sk\n                                                    \n\n<div>\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-4 col-sm-5 col-xs-4\">\n\n<div class=\"loading large-image-loading \"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 col-xs-4 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-5 col-sm-5 col-xs-5 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 col-xs-7 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-4 col-md-4 col-sm-4 col-xs-4 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-6 col-md-6 col-sm-6 col-xs-6 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 col-xs-7 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-5 col-sm-5 col-xs-5 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 col-xs-7 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-10 col-md-10 col-sm-10 col-xs-10 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-12 col-md-12 col-sm-12 col-xs-12 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"clearfix mb20\"><\/div>\n\n\n                                                        \n\n<div class=\"col-lg-10 col-md-10 col-sm-10 mb20 \">\n\n<div class=\"loading large-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                        \n\n<ul >\n                                                            \n\n<li class=\"col-lg-12 mb20\" >\n                                                                \n\n<div class=\"col-lg-4 col-md-4 col-sm-4  col-xs-4 mb10\">\n\n<div class=\"loading large-line\"><\/div>\n\n<\/div>\n\n\n                                                                \n\n<div class=\"col-lg-1 col-md-1 col-sm-1 col-xs-1  mb10 plr0\"><a href=\"\" class=\"btn btn-lblue_bdr btn-xs disabled btn-block\"><span class=\"fs11\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><\/a><\/div>\n\n\n                                                                \n\n<div class=\"col-lg-7 col-md-7 col-sm-7 col-xs-7  mb10\">\n\n<div class=\"loading large-line\"><\/div>\n\n<\/div>\n\n\n                                                                \n\n<div class=\" col-lg-10 col-md-10 col-sm-10 col-xs-10  mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                            <\/li>\n\n\n                                                            \n\n<li class=\"col-lg-12 mb20\">\n                                                                \n\n<div class=\"col-lg-2 col-md-2 col-sm-2 col-xs-2 mb10 pr0\"><a href=\"\" class=\"btn btn-xs disabled btn-block btn-green_bdr\"><span class=\"fs11\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><\/a><\/div>\n\n\n                                                                \n\n<div class=\"col-lg-10 col-md-10 col-sm-10 col-xs-10 mb10 \">\n\n<div class=\"loading large-line\"><\/div>\n\n<\/div>\n\n\n                                                                \n\n<div class=\" col-lg-6 col-md-6 col-sm-6 col-xs-6 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                            <\/li>\n\n\n                                                        <\/ul>\n\n\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                    <\/div>\n\n\n                                                    \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                    end sk-->\n                                                <\/div>\n<p>                                                <!--end Current story content--> <\/p>\n<section class=\"related_story_box \">\n<p class=\"fs15e \">Related Story<\/p>\n<p>&#13;<br \/>\n                                                    <!--<a class=\"btn btn-link btn-xs more-page-link\" title=\"Blogs &amp; Personal Finance   \">More Related News <i class=\"fa fa-chevron-right fs12e\"><\/i><\/a>--><\/section>\n<p><!--start tag--><\/p>\n<p>&#13;<br \/>\n                                                    <span class=\"fs15e\"> Related Tags:<\/span> <span class=\"story_tags\"> <\/span>&#13;\n                                                <\/p>\n<p>                                                <!--end tag--><br \/>\n                                                <!--start social share--><\/p>\n<p>                                                <!--start social share--><br \/>\n                                                <!--start social share-->\n                                            <\/div>\n<p><script>\n\/\/disclaimer popup hide\/show<\/p>\n<p>    $('#popup_mobile_reg').keypress(function (e) {\n        var mobileNumber = $(\"#popup_mobile_reg\").val();\n        var regex = new RegExp(\"^[0-9]+$\");\n        var str = String.fromCharCode(!e.charCode ? e.which : e.charCode);\n        if (regex.test(str)) {\n            if (mobileNumber.length <= 9) {\n                return true;\n            }\n        }\n        e.preventDefault();\n        return false;\n    });\n    $(document).ready(function () {\n        $(\".disclaimer_btn\").click(function () {\n            createCookie(\"disclaimer\", \"yes\", '365');\n        });\n        if (getCookie(\"disclaimer\") == 'yes') {\n            $('.cookies_div').css(\"display\", \"none\");\n            $('.cookie-bar').css(\"display\", \"none\");\n        } else {\n            $('.cookies_div').css(\"display\", \"block\");\n            $('.cookie-bar').css(\"display\", \"block\");\n        }\n        $(\"#checkbox-cb-id\").click(function () {\n            $(\"#main\").css('margin-top', '72px');\n        });\n    });\n    function createCookie(cookieName, cookieValue, daysToExpire)\n    {\n        var date = new Date();\n        date.setTime(date.getTime() + (daysToExpire * 24 * 60 * 60 * 1000));\n        document.cookie = cookieName + \"=\" + cookieValue + \"; expires=\" + date.toGMTString() + \"; secure;\";\n    }\n    function getCookie(name) {\n        var nameEQ = name + \"=\";\n        var ca = document.cookie.split(';');\n        for (var i = 0; i < ca.length; i++) {\n            var c = ca[i];\n            while (c.charAt(0) == ' ')\n                c = c.substring(1, c.length);\n            if (c.indexOf(nameEQ) == 0)\n                return c.substring(nameEQ.length, c.length);\n        }\n        return null;\n    }\n\n\n\n    \/*$('.foot_ga a').click(function() {        \n     var label = $(this).html();\n     var action = $(this).parent().attr(\"data-id\");\n     pushGoogleAnalytics('footer', action, label, 'event '+label);\n     });*\/\n\n\n\n    !function (f, b, e, v, n, t, s) {\n        if (f.fbq)\n            return;\n        n = f.fbq = function () {\n            n.callMethod ?\n                    n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n        };\n        if (!f._fbq)\n            f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s)\n    }(window,\n            document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n\n    fbq('init', '139439933088582');\n    fbq('track', \"PageView\");\n\n<\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.indiainfoline.com\/article\/news-sector-metals-mining-minerals\/hindalco-logs-standalone-net-loss-of-rs40cr-in-q1-aluminium-india-metal-sales-steady-120081400784_1.html\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aluminium and copper manufacturer, Hindalco on Friday standalone net loss of Rs40cr for the first quarter ending June 2020 (Q1FY21), compared to a profit of Rs23cr posted last year same quarter. Standalone revenue, meanwhile, dropped by 26.20% yoy to Rs7,420cr. On a consolidated basis, the company registered a net loss [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15023,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-15022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/08\/hindalco-1557996605-4341350.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/15022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15022"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/15022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/15023"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}