Hindalco Industries Q3 Results: Profit Rises 60%, Beats Estimates

Hindalco Industries Ltd.'s net profit increased 60% in the third quarter of the financial year, beating analysts' estimates.

The aluminium producer posted a profit of Rs 3,735 crore in the quarter ended Dec. 31, according to an exchange filing on Thursday. This compares with the Rs 3,372-crore consensus estimate of analysts polled by Bloomberg.

• Revenue up 11% to Rs 58,390 crore versus Rs 52,808 crore (Bloomberg estimate: Rs 55,632 crore).

• Ebitda up 29% to Rs 7,583 crore vs Rs 5,865 crore (Estimate: Rs 7,390 crore).

• Margin narrows to 13% vs 11.1% (Estimate: 13.3%).

• Net profit is up 60% to Rs 3,735 crore versus Rs 2,332 crore (Bloomberg Estimate: Rs 3,372 crore).

While Hindalco Industries' US subsidiary Novelis Inc saw the least revenue growth, the company's growth was driven by its India based. Hindalco's aluminium upstream and downstream segment drove the top line growth in Q3FY25 with an annual revenue increase of 25%. Hindalco's copper segment also reported revenue growth of 15% on an annual basis

While Novelis' operating profit did see a fall as earlier before, the aluminium upstream segment saw Ebitda increase 73% on an annual basis, whereas the copper segment saw growth of 18%.

The segment's revenue growth was driven by higher aluminium prices seen in the quarter. Despite shipments only rising 1% year on year to 338 kilo tonne, the segment's Ebitda per tonne rose 68% year on year to $1480.

The segment's revenue growth was driven by higher volumes, which rose 10% to 99 kilotons on an annual basis. This helped the Ebitda per tonne rise 22% to $179.

Revenue growth was driven by higher copper prices, while shipments only rose 1% to 120 kilotons.