Hindalco Logs Record Profit, Revenue In March Quarter On Strong India Ops

Hindalco Industries Ltd. posted record-high consolidated revenue, net profit, and EBITDA for the March quarter and 2024-25, driven by strong Indian operations, cost discipline, and favourable macros.

March quarter net profit jumped 66% on year to ₹52.8 billion, beating estimates, while revenue rose 16% to ₹648.9 billion and EBITDA surged 43% to ₹103.0 billion.

For 2024-25, net profit rose 58% to ₹160.01 billion, revenue grew 10% to ₹2.385 trillion, and EBITDA increased 38% to ₹354.96 billion. The board declared a ₹5 dividend per share.

India aluminium upstream EBITDA rose 79% to ₹48.4 billion, aided by lower input costs, while downstream EBITDA hit a record ₹2.2 billion. Copper business 2024-25 revenue climbed 11% to ₹547.03 billion and EBITDA rose 16% to ₹30.25 billion, despite a 21% dip in January-March.

US-based Novelis, contributing over 60% to the top line, posted resilient numbers on strong beverage can demand.

Net debt dropped to ₹353.32 billion as of March 31. The company also approved the acquisition of EMIL Mines and Mineral Resources Ltd. for ₹4.8 million and debt of ₹11.31 billion.