New Delhi: Aditya Birla Group's metals arm Hindalco Industries Ltd on Friday reported a 21.2 percent rise in consolidated profit after tax to Rs 4,741 crore in the September quarter on the back of strong performance by the India business, disciplined cost management, and operational efficiencies across segments.
The company had posted a consolidated profit after tax of Rs 3,909 crore in the year-ago period, Hindalco Industries Ltd said in a filing to the BSE.
Revenue from operations during the July-September period rose 13 percent to Rs 66,058 crore as compared to Rs 58,203 crore recorded in the year-ago period.
"The robust results were driven by a strong performance by the India business, and a resilient performance by Novelis," the company said in a statement.
India aluminium upstream business delivered another standout performance with EBITDA (earnings before interest, taxes, depreciation and amortisation) at Rs 4,524 crore, up 22 percent, while aluminium downstream achieved an EBITDA of Rs 261 crore, up 69 per cent, compared to Q2, FY25.
Despite headwinds, Novelis reported flat shipments over the same quarter last year, it said.
Hindalco Industries Managing Director Satish Pai said the company continued its growth momentum amid global volatility, delivering strong performance in both volumes and profitability.
"Our integrated business model, prudent capital allocation and focus on cost optimisation, continues to enable us to deliver sustained, resilient growth across market cycles. Our sustainability agenda remains focused on climate action, circularity through waste recycling, water stewardship and biodiversity protection," Pai said.
In a post-earnings media briefing, Pai said the India business has registered a very strong set of numbers, and added the rationalisation in goods and services tax (GST) rates, demand from most sectors like automotive, packaging has been very strong.
He also stressed that the second quarter of Novelis Inc, the wholly-owned arm of Hindalco Industries Ltd, has been quite strong inspite of a fire incident at its plant in New York.
The company expects that a significant portion of losses due to the fire accident will be recovered through insurance.
Replying to a question, he said the listing of its US-based unit Novelis Inc is not "in our mind" for the next few years.
Hindalco, he said, delivered yet another robust performance amid global volatility, underpinned by its diversified and integrated business model that enables consistent delivery across market cycles.
"This strong performance gives us the confidence to continue investing decisively in growth across all our business verticals, supported by our strategic capex pipeline of USD 10 billion," he said.
"Our key upstream projects -- Aditya Aluminium Smelter Phase 1 and the recently announced Phase 2 expansion, the copper smelter expansion, and the Chakla, Meenakshi and Bandha coal mines -- are progressing well and remain firmly on track," he said, adding, "these investments strategically position us to capture emerging opportunities, enhance long-term value creation and deliver sustainable growth."
In a separate filing, Hindalco also said phase 2 expansion of the Aditya Aluminium project with an additional capacity of 193 kilo tonnes (KT) and a project cost of Rs 10,225 crore, is likely to be completed by FY29.
Hindalco Industries Ltd is the metals flagship company of the Aditya Birla Group. A USD 28-billion metals powerhouse, Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils.
Along with its subsidiary Novelis, Hindalco is the global leader in flat-rolled products and the world's largest recycler of aluminium.
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