Hindalco Industries Ltd. reported its standalone financial results for the quarter ended September 30, 2024, showing significant year-on-year growth in profit and revenue. The company’s net profit surged to Rs 1,891 crore in Q2 FY25, marking a 123% increase from Rs 847 crore in the same quarter last year. This impressive growth reflects the company’s resilience and strategic initiatives in a challenging market environment.
Key Financial Highlights (Q2 FY25 vs Q2 FY24):
- Revenue from Operations: Rs 22,262 crore, up by 7.7% from Rs 20,676 crore in Q2 FY24.
- Total Income: Rs 23,087 crore, reflecting a 10.8% increase from Rs 20,842 crore year-on-year.
- Total Expenses: Rs 20,239 crore, up by 2.5% compared to Rs 19,747 crore in the same period last year.
- Profit Before Tax (PBT): Rs 2,848 crore, a substantial 152% growth from Rs 1,128 crore in Q2 FY24.
- Net Profit: Rs 1,891 crore, an increase of 123% from Rs 847 crore in the previous year.
- Aluminium Upstream EBITDA: Reached Rs 3,709 crore, up 79%, with an EBITDA margin at 41%.
- Copper Business EBITDA: Achieved an all-time high of Rs 829 crore, up 27%.
- Novelis’ Rolled Product Shipments: 945 KT, a modest increase of 1%.
- Consolidated EBITDA: Rs 9,100 crore, up by 49%.
- Net Debt to EBITDA Ratio: Improved to 1.19x as of September 30, 2024.
Operational Highlights
The company has attributed its strong performance to strategic cost management and operational efficiencies. Despite the pressures of a competitive landscape, Hindalco managed to expand its margins and improve its earnings per share (EPS) to Rs 8.51, compared to Rs 3.81 in the previous year.
Other income in Q2 FY25 stood at Rs 825 crore, with a significant contribution from a land transaction. During the quarter, Hindalco signed a Conveyance and Development Agreement for the sale of land in Kalwa, Maharashtra. This transaction, valued at Rs 595 crore, is to be received in multiple tranches over time. The company recognized Rs 571 crore (discounted value) as gain from this transaction, contributing to its other income. Additionally, Hindalco is set to receive 1.5% of the sales revenue from the project as per the agreement.
Comprehensive Income
- Total Comprehensive Income for Q2 FY25 stood at Rs 1,581 crore, up 20.6% from Rs 1,311 crore in Q2 FY24, reflecting the company’s improved financial health and resilience in diversified income sources.
