CMP : 78
Target Price :
For 2QFY2016, Hindalco Industries (Hindalco)’ standalone revenues came in 3%
ahead of our expectations, but the EBITDA disappointed, coming in 16% below
our estimate. Net sales increased 4.3% yoy to Rs8,841cr, vs our expectation of a
2.5% yoy decline, led by strong increase in aluminium volumes and higher credits
from by-products in the c..