Nalco Q4 Review - Alumina Prices To See Uptick In Second Half: Systematix

Nalco Q4 Review - Alumina Prices To See Uptick In Second Half: Systematix

Bound aluminum ingots sit in a warehouse. (Photographer: Andrey Rudakov/Bloomberg)  

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Systematix Research Report

National Aluminium Co.’s Q4 FY21 revenue at Rs 28.2 billion (up 46% YoY, up 19% QoQ) was 5% above our expectations.

Ebitda at Rs 9.4 billion (up 353% YoY, up 118% QoQ) was 5% below our estimates.

Alumina production for the quarter was 0.58 million tonne (down 1% YoY and up 4% QoQ) and alumina sales were 0.35 million tonne (down 10% YoY and down 6% QoQ).

Implied alumina realisations were $285/tonne (up 3% YoY and up 18% QoQ).

Aluminium production for the quarter was 113 kilo tonne (up 11% YoY, up 10% QoQ) and sales were 118 kilo tonne (up 28% YoY and up 15% QoQ).

Click on the attachment to read the full report:

Systematix NALCO - Q4FY21 Result Update.pdf
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