Hindalco Industries Ltd. saw its shares rise on November 11, as the company posted strong Q2 FY25 results, exceeding market forecasts. The mining and metals major reported a consolidated net profit of ₹3,909 crore for the quarter ended September 30, marking a significant increase from ₹3,298 crore in the same period last year. This result surpassed Bloomberg’s analyst estimates, which projected a net profit of ₹3,254.5 crore.
Revenue from operations grew by 7% year-on-year, reaching ₹58,203 crore, up from ₹54,169 crore. Analysts had anticipated a revenue figure of ₹54,984.10 crore. Driven by favorable input costs and increased volumes, Hindalco’s consolidated EBITDA surged 49% year-on-year to ₹9,100 crore.
The company’s copper India business also showed positive growth, with quarterly revenue rising 5% to ₹13,114 crore due to higher shipments and realizations. In the aluminum segment, revenue from the upstream business surged by 79% year-on-year, while the downstream business saw a slight decline of 1%, reporting revenue of ₹154 crore.
As of 9:43 AM on November 12, Hindalco shares were trading up by 0.91% at ₹661.30 on the NSE, reflecting investor confidence following the robust earnings report.
