A massive 50% YoY decline in LME aluminium prices was
partially offset by 25% INR depreciation and higher volume,
therefore resulted in 7% YoY decline in net sales to Rs 10,885 mn.
The company performance remained remarkable sequentially as
it achieved 75% growth in alumina and 37% growth in
aluminium sales volume.
Lower realization along with rise in raw material and employee
cost hampered EBITDA margin to just 8.8% from 55.9% in
4QFY08 and therefore EBITDA registered a massive 85% YoY
declined to Rs 956 mn.
Stable rise in other income on account of high cash reserve was
not able to save the company and it reported 81% YoY decline in
net profit to Rs 830 mn.
The company reported very sharp deterioration in aluminium
EBIT margin to -17% from 39% in 4QFY08, while alumina EBIT
margin declined from 44.5% to 30.2% during the same period.
| NIFTY 
