Hindalco Q3 net profit surges 60% to ₹3,735 crore led by India business

Hindalco Industries Ltd. of the Aditya Birla Group, for the third quarter reported 60% growth in consolidated net profit at ₹3,735 crore as compared with ₹2,331 crore in the year ago period, driven by an excellent operational performance by the India business, the company said in a filing.

Consolidated revenue from operations for the quarter ended December 31, 2024 grew 11% YoY to ₹58,390 crore.

The company’s India business reported net profit of ₹2,885 crore, up 134% Year on Year (YoY). 

“Hindalco India Aluminium Upstream business EBITDA surged to ₹4,222 crore, up 73%; EBITDA margins at 42% were the best in the industry, globally,” the company said. 

Copper Business recorded an EBITDA of ₹777 crore up 18% YoY backed by continued strong domestic sales and higher by-product realisations, it added.

Novelis’ revenue stood at $4.1 billion, mainly driven by higher average aluminum prices. 

Satish Pai, Managing Director, Hindalco Industries, said, “Novelis continues to focus on operational and cost efficiency initiatives in the face of current pressures on scrap pricing. During the quarter we secured critical resources for our India upstream business, enhancing our global cost leadership.” 

“Key growth initiatives, such as the alumina refinery, aluminium smelter expansion, copper smelter expansion and the FRP project, remain on track. Our strong balance sheet positions us well for the next phase of transformative growth,” he said.