Hindalco Industries rose 3.3% to Rs 93.90 at 14:43 IST on BSE after the company reported strong Q1 June 2015 earnings at the operational level.
The Q1 result was announced during market hours today, 14 August 2015.
Meanwhile, the S&P BSE Sensex was up 467.61 points or 1.7% at 28,017.14.
The stock surged on high volumes. On BSE, so far 12.39 lakh shares were traded in the counter as against average daily volume of 5.05 lakh shares in the past one quarter.
The stock was volatile. The stock fell as much as 1.37% at the day's low of Rs 89.55 so far during the day, which is a 52-week low for the counter. The stock rose as much as 5.06% at the day's high of Rs 95.40 so far during the day. The stock had hit a 52-week high of Rs 185.75 on 13 August 2014.
The stock had underperformed the market over the past one month till 13 August 2015, declining 14.69% compared with Sensex's 1.47% fall. The scrip had also underperformed the market in past one quarter, sliding 31.91% as against Sensex's 1.1% rise.
The large-cap company has equity capital of Rs 206.50 crore. Face value per share is Re 1.
Hindalco Industries' net profit fell 67.37% to Rs 107 crore on 7.24% growth in revenue from operations to Rs 8575 crore in Q1 June 2015 over Q1 June 2014.
The company attributed the growth in top line during the quarter to higher volumes despite lower commodity prices.
The bottom line in Q1 June 2015 was adversely impacted by higher finance costs and depreciation charges due to additional capitalisation at both the Greenfield smelter complexes.
Hindalco Industries' finance costs jumped 78.1% to Rs 602 crore in Q1 June 2015 over Q1 June 2014. Depreciation charges surged 77.54% at Rs 332 crore in Q1 June 2015 over Q1 June 2014.
Hindalco Industries' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 11.08% to Rs 1072 crore in Q1 June 2015 over Q1 June 2014.
Going forward, the operational performance is expected to be robust with the ramp-up of new facilities, Hindalco Industries said. Adverse metal realisation may pose a significant turbulence in the near term, the company added.
A part of the Aditya Birla Group, Hindalco Industries is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is amongst the largest single location custom smelter globally.
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