Hindalco Q3 net profit surges 60% to ₹3,735 crore led by India business
1 month, 1 week ago

Hindalco Q3 net profit surges 60% to ₹3,735 crore led by India business

The Hindu  

Hindalco Industries Ltd. of the Aditya Birla Group, for the third quarter reported 60% growth in consolidated net profit at ₹3,735 crore as compared with ₹2,331 crore in the year ago period, driven by an excellent operational performance by the India business, the company said in a filing. The company’s India business reported net profit of ₹2,885 crore, up 134% Year on Year. “Hindalco India Aluminium Upstream business EBITDA surged to ₹4,222 crore, up 73%; EBITDA margins at 42% were the best in the industry, globally,” the company said. During the quarter we secured critical resources for our India upstream business, enhancing our global cost leadership.” “Key growth initiatives, such as the alumina refinery, aluminium smelter expansion, copper smelter expansion and the FRP project, remain on track.

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