In a Q&A, Satish Pai says his firm switched to higher
exports in April and May as domestic demand was weak. And while metal prices
remain low, around 80% of its Ebitda remains unaffected by price.
With a focus on reducing
cost due to Covid-19, Hindalco plans to scale down capital expenditure this
year. At Rs 1,395 crore, the company on Friday reported a 19 per cent fall in
profit before tax and exceptional items for the quarter ending March 2020 over
the same period previous year. Satish Pai, managing director for Hindalco
Industries, told Amritha Pillay, the company also switched to higher exports in
April and May as domestic demand was weak.
While metal prices remain
low, the executive added around 80 per cent of his Ebitda remains unaffected by
the price change. Excerpts. How ...
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