Jun 1 2017 | India Opportunities
Hindalco profits up by 35 per cent y-o-y
Hindalco registered Revenues of Rs. 39,383 crore for the fiscal year 2017. EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) was Rs. 5,819 crore, up 35 per cent compared to the previous year, supported by lower input cost, higher aluminium volumes and realisation. Depreciation was up by 11 per cent due to progressive capitalisation. Interest expense was lower by 3 per cent mainly on account of prepayment of loan. Net Profit for the fiscal year 2017 stood at Rs.1,557 crore, registering a growth of 182 per cent versus previous year.