Mumbai (Maharashtra) [India], Aditya Birla Group-owned metals company Hindalco Industries Ltd posted a consolidated quarterly net profit of Rs 3,17 crore, a growth of 32 per cent year-on-year (YoY). The company said this in its regulatory filing. Hindalco said this jump in the company's performance was due to strong performance and improved margins across all business segments. The company had registered a profit of Rs 2411 crore in the fourth quarter of last year. Consolidated revenue for the fourth quarter was Rs 55,994 crore, up from Rs 55,857 crore, and was unchanged year-on-year, up 6 per cent (QoQ), as a result of better volumes and realizations in the Indian operations, the company said.The company's net profit for the full financial year rose 0.6 per cent to Rs 10,155 crore, compared to Rs 10,097 crore at the end of FY23.
Meanwhile, revenue fell to Rs 2.16 trillion from the announced Rs 2.23 trillion at the end of FY2023, a decline of 3.2 per cent. It suggests a dividend of Rs 3.50 for each equity share of face value R for the financial year ending March 31. 2024, subject to approval in the company's annual general meeting, earnings before interest, taxes, depreciation and amortization (EBITDA) grew 24 per cent year-on-year to Rs 7,201 crore. In the aluminum segment, quarterly upstream revenue was Rs 8,469 crore.Aluminum upstream EBITDA stood at Rs 2,709 crore in Q4 FY24 as compared to Rs 8,050 crore in the year-ago period, while it stood at Rs 2,192 crore for Q4 FY23, up 24 per cent year-on-year, and in the statement. The 11 per cent increase in QoQ is said to be supported by reduction in input costs. In the copper sector, quarterly revenue stood at Rs 13,424 crore, up 20 per cent year-on-year due to higher volumes. Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, "Despite incurring debt of Rs 5,195 crore in the Hindalco India business during the year, we have maintained a strong balance sheet and solid liquidity. He further added, " On the ESG front, our large-scale renewable and energy storage projects put us well on track for our climate action targets, we have further stepped up our initiatives in waste recycling, protecting biodiversity and water conservation ." Hindalco Industries Ltd., a US$26 billion metals powerhouse, the world's largest aluminum company by revenue, and the world's second-largest copper rod producer (outside China), claims it is involved in bauxite mining, Alumina operates across the value chain from refining to., from COA mining, captive power plants and aluminum smelting to downstream rolling extrusion and foil. Together with its subsidiary Novelis, the company is a major player in flat-rolled products and the world's largest aluminum recycler.
Meanwhile, revenue fell to Rs 2.16 trillion from the announced Rs 2.23 trillion at the end of FY2023, a decline of 3.2 per cent. It suggests a dividend of Rs 3.50 for each equity share of face value R for the financial year ending March 31. 2024, subject to approval in the company's annual general meeting, earnings before interest, taxes, depreciation and amortization (EBITDA) grew 24 per cent year-on-year to Rs 7,201 crore. In the aluminum segment, quarterly upstream revenue was Rs 8,469 crore.Aluminum upstream EBITDA stood at Rs 2,709 crore in Q4 FY24 as compared to Rs 8,050 crore in the year-ago period, while it stood at Rs 2,192 crore for Q4 FY23, up 24 per cent year-on-year, and in the statement. The 11 per cent increase in QoQ is said to be supported by reduction in input costs. In the copper sector, quarterly revenue stood at Rs 13,424 crore, up 20 per cent year-on-year due to higher volumes. Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, "Despite incurring debt of Rs 5,195 crore in the Hindalco India business during the year, we have maintained a strong balance sheet and solid liquidity. He further added, " On the ESG front, our large-scale renewable and energy storage projects put us well on track for our climate action targets, we have further stepped up our initiatives in waste recycling, protecting biodiversity and water conservation ." Hindalco Industries Ltd., a US$26 billion metals powerhouse, the world's largest aluminum company by revenue, and the world's second-largest copper rod producer (outside China), claims it is involved in bauxite mining, Alumina operates across the value chain from refining to., from COA mining, captive power plants and aluminum smelting to downstream rolling extrusion and foil. Together with its subsidiary Novelis, the company is a major player in flat-rolled products and the world's largest aluminum recycler.
