Hindalco shares gain 2% after beating estimates in Q2 report: Should you buy?
1 month, 1 week ago

Hindalco shares gain 2% after beating estimates in Q2 report: Should you buy?

India Today  

Shares of Hindalco rose by 2.6% on Tuesday, reaching a high of Rs 672.20 on the Bombay Stock Exchange, following strong financial resulyts for Q2 FY25. The profit surge was largely driven by strong operational performance in Hindalco’s India business, favourable market conditions, and effective cost control measures. The brokerage highlighted the strong Q2 performance across Hindalco’s India operations and noted the absence of any significant negatives in the quarterly report. JP Morgan expects a slight upward revision in the FY25 consensus estimates following this strong quarterly showing, signalling confidence in Hindalco’s ability to sustain its growth trajectory. Additionally, Investec acknowledged that Hindalco’s India operations have an advantageous position concerning bauxite lease expirations when compared to local competitors, ensuring steady raw material supply for continued production.

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History of this topic

Hindalco Industries Q2 Results Live: Profit Rises by 78.01% YOY
Trending News
1 month, 1 week ago

Hindalco Industries Q2 Results Live: Profit Rises by 78.01% YOY

Live Mint  

Hindalco Industries Q2 Results Live : Hindalco Industries declared its Q2 results on November 11, 2024, showcasing a robust performance with revenue increasing by 7.45% year-over-year and a remarkable profit surge of 78.01%. In terms of operating income, Hindalco reported a 2.95% increase compared to the previous quarter and a substantial 43% rise year-over-year, reflecting effective management and operational efficiency. …

Hindalco Industries Q2 results: Net profit rises 78% YoY to ₹3,909
Trending News
1 month, 1 week ago

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

Live Mint  

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 company's US subsidiary, Novelis, reported revenue of ₹35,975 crore from ₹33,961 crore in the corresponding …

Hindalco shares gain 2% post Q2 results; brokerages express mixed views
1 year, 1 month ago

Hindalco shares gain 2% post Q2 results; brokerages express mixed views

Live Mint  

Hindalco share price gained 2% on Monday's trading session following Hindalco's Q2 results, where the company announced in-line or flat profit for September quarter and brokerages expressed mixed views on Q2 earnings. Aluminium India downstream business Ebitda increased 16% sequentially due to higher volumes," said Satish Pai, managing director, Hindalco Industries. Let's see what the brokerage has to say about …

Hindalco Q2 Results: Net profit flat at ₹2,196 crore
1 year, 1 month ago

Hindalco Q2 Results: Net profit flat at ₹2,196 crore

Live Mint  

New Delhi: Hindalco Industries Ltd., the flagship of the Aditya Birla Group, on Friday said its consolidated profit remained flat on year at ₹2,196 crore for the quarter ended September 2023. Aluminium India downstream business Ebitda increased 16% sequentially due to higher volumes,” said Satish Pai, managing director, Hindalco Industries. Hence, despite lower input costs the spread will remain lower,” …

Hindalco Q2 results today: Here’s what brokerages expect
1 year, 1 month ago

Hindalco Q2 results today: Here’s what brokerages expect

Live Mint  

Hindalco Industries Ltd is likely to report its performance for domestic operations today. The Copper business is Kotak institutional Equities estimate Aluminium sales volume to come at 3,50,000 tonne up 4% sequentially and match the year ago volume numbers. As per Kotak estimates India Earnings before interest tax depreciation and amortisaton at around ₹2400 Crore will rise 15% year on …

Hindalco Industries Q1 Profit After Tax Rises 47.7% to Rs 4,119 Crore
2 years, 4 months ago

Hindalco Industries Q1 Profit After Tax Rises 47.7% to Rs 4,119 Crore

News 18  

Hindalco Industries Ltd on Wednesday reported a 47.7 per cent rise in consolidated profit after tax at Rs 4,119 crore for the quarter ended June 30, on the back of strong operational efficiencies. The company had posted a consolidated PAT of Rs 2,787 crore in the year-ago period, Hindalco Industries, the metals flagship of Aditya Birla Group, said in a …

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