Hindalco Industries Q2 results: Net profit rises 78% YoY to ₹3,909

Hindalco Industries Limited declared its earnings for the quarter ended September 30 for financial year 2024-25, reporting a net profit of ₹3,909 crore on Monday, November 11. The net profit rose by 78 per cent from ₹2,196 crore in the corresponding quarter previous year.

The total income was reported at ₹59.278 crore, marking a jump of 8.5 per cent from ₹54,632 crore in the same quarter the previous year.

The aluminium and copper company's revenue from operations jumped to ₹58,203 crore in Q2FY25 from ₹54,169 crore in Q2FY24.

The total expenses stood at ₹53,121 crore, marking a rise of 3.2 per cent from ₹51,434 crore.

The company's US subsidiary, Novelis, reported revenue of ₹35,975 crore from ₹33,961 crore in the corresponding quarter last year. However, the company adjusted an amount of ₹907 crore on account of different accounting policies for Novelis segment.

Company's aluminium upstream segment reported revenue of ₹9,125 from ₹7,878 crore in the same period last year. Meanwhile, aluminium downstream reported revenue of ₹3,161 crore from ₹2,868 crore. The copper segment posted revenue of ₹13,114 crore from ₹12,441 crore in the same quarter previous year.

“Our India business delivered a strong operational performance in Q2 bolstered by our relentless focus on operational reliability and cost management. Consequently, our Aluminium India Upstream business reported an EBITDA per tonne of $1,349— the highest in the last 10 quarters and the best-in-industry globally,” said Satish Pai, Managing Director, Hindalco Industries.

“The Copper business achieved another record quarterly EBITDA. Novelis’ global footprint allowed the company to achieve record beverage packaging shipments, partially offsetting the impact from the flooding-related outage at Sierre,” he said.

“During the quarter, we made significant progress across our growth projects in India Business and Novelis. Our company’s robust cash flow generation enabled us to maintain a consolidated net debt-to-EBITDA ratio below 1.2x,” Pai added.

Hindalco Industries Limited is the metals subsidiary of Aditya Birla Group. It is engaged in bauxite mining, alumina refining, coal mining, captive power plants, aluminium smelting, downstream rolling, extrusions, and foils. The company has around 52 manufacturing units across 10 countries.