Hindalco Industries Ltd. Results

Q2FY25 Quarterly Result Announced for Hindalco Industries Ltd.

Aluminium Products company Hindalco Industries announced Q2FY25 results Consolidated PAT at Rs 3,909 crore up 78% India business PAT at Rs 2,850 crore, up 135% Aluminium Upstream EBITDA at Rs 3,709 crore, up 79%; EBITDA margin at 41% All-time high quarterly Copper EBITDA at Rs 829 crore, up 27% Novelis’ Rolled Product shipments at 945 KT, up 1% Consolidated EBITDA at Rs 9,100 crore, up 49% Consolidated Net Debt to EBITDA at 1.19x as of September 30th, 2024 Hindalco ranks as the World’s Most Sustainable Aluminium Company for the 5th consecutive year in S&P; Global Corporate Sustainability Assessment rankings 2024 Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, "Our India business delivered a strong operational performance in Q2 bolstered by our relentless focus on operational reliability and cost management. Consequently, our Aluminium India Upstream business reported an EBITDA per tonne of USD 1,349— the highest in the last 10 quarters and the best-in-industry globally. The Copper business achieved another record quarterly EBITDA. Novelis’ global footprint allowed the company to achieve record beverage packaging shipments, partially offsetting the impact from the flooding-related outage at Sierre. During the quarter, we made significant progress across our growth projects in India Business and Novelis. Our company’s robust cash flow generation enabled us to maintain a consolidated net debt-toEBITDA ratio below 1.2x. Notably, Hindalco has been recognized as the World's Most Sustainable Aluminium Company for the fifth consecutive year in the S&P; Global Corporate Sustainability Assessment rankings 2024, achieving a score of 87 out of 100—up 9 points from last year’s score, and our highest score till date. This achievement underscores our comprehensive approach to ESG, with dedicated efforts towards water positivity, zero waste to landfill, net-zero emissions, and preserving biodiversity.”

Q1FY25 Quarterly Result Announced for Hindalco Industries Ltd.

Aluminum products company Hindalco Industries announced Q1FY25 results: Consolidated EBITDA at Rs 7,992 crore, up 31% YoY Aluminium Upstream EBITDA at Rs 3,493 crore, up 81% YoY; Industry-best EBITDA margins at 40% All-time high quarterly Copper EBITDA at Rs 805 crore, up 52% YoY Novelis’ Adjusted EBITDA per tonne at USD 525, up 10% YoY Consolidated Net Debt to EBITDA at 1.24x as of June 30th, 2024 vs 1.73x as of June 30th, 2023 Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, “Our strong Q1 results ride on the back of consistent operational excellence and cost optimization which allowed us to leverage the higher average metal prices. The Copper business achieved its highest quarterly EBITDA driven by high domestic sales (especially downstream products), healthy by-product credits and better operational efficiencies following a successful planned shutdown. The Aluminium India Upstream business recorded an 81% growth in EBITDA over the previous year. At 40%, it has registered the highest EBITDA margins globally. Novelis’ EBITDA per tonne at USD 525, was up 10% YoY, primarily due to increased volumes led by normalized beverage can shipments. Looking ahead, the major capital formation phase of the downstream business is near completion, and from here on, we will explore growth opportunities in the upstream business given our strong cash position. On the ESG front, I am happy to report that we are on track on our roadmap for climate action, waste recycling, water conservation, and biodiversity protection.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Hindalco Industries Ltd.

Aluminium & Aluminium Products company Hindalco Industries announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Consolidated EBITDA at Rs 7,201 crore, up 24% YoY Aluminium Upstream EBITDA at Rs 2,709 crore, up 24% YoY; Industry-best EBITDA margins at 32% All-time high quarterly Copper EBITDA at Rs 776 crore, up 30% YoY Novelis’ Adjusted EBITDA per tonne at USD 540, up 25% YoY FY24 Financial Highlights: Consolidated PAT at Rs 10,155 crore, up 1% Consolidated EBITDA at Rs 25,728 crore, up 7% All-time high Copper EBITDA at Rs 2,616 crore, up 16% All-time high metal sales volumes in aluminium of 1,372 KT up by 2%, and copper at 506 KT, up 15% Hindalco-Novelis in the top 1% S&P; Global ESG score in the Aluminium Industry Consolidated Net Debt to EBITDA at 1.21x as of March 31st, 2024 vs 1.39x a year ago Board recommends dividend @350% (Rs 3.5/share) for FY24 vs 300% (Rs 3/share) for FY23 Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, “Hindalco concluded the year with very strong results across all business segments. This was a clear testament to our strategic focus on value-added products and margin improvement. The Copper business has grown to become the 2nd largest in the world for Copper rods (excluding China). It achieved its best ever performance with sales crossing 500,000 tonnes for the first time, and an alltime high EBITDA for the quarter and the year. Similarly, the Aluminium India Upstream Business reported industry-best quarterly EBITDA margins of 32%, driven by higher volumes and cost optimisation. Our continued focus on enhancing share of the downstream segment is evident in its promising sales trajectory. Novelis demonstrated an improved EBITDA per tonne driven by lower operating costs, favourable metal benefits and market recovery. We continue to maintain a strong balance sheet and solid liquidity even after repaying Rs 5,195 crore of debt in Hindalco India business during the year. This positions us well to stay on our growth track and drive our future organic growth plans with prudent capital allocation. On the ESG front, our large scale renewable and energy storage projects have put us well on track for our climate action targets, and we have further advanced our initiatives in waste recycling, protecting biodiversity and water conservation.”

Q3FY24 Quarterly Result Announced for Hindalco Industries Ltd.

Aluminium & Aluminium Products company Hindalco Industries announced Q3FY24 results: Financial Performance - Consolidated Net Profit stood at Rs 2,331 crore, marking a significant increase of 71% YoY. - Consolidated EBITDA was Rs 6,322 crore, up by a robust 61% YoY. - Revenue from Operations saw a marginal decrease of 1% YoY to Rs 52,808 crore. - The company reported a consolidated Net Debt to EBITDA ratio of 1.43x, an improvement from 1.6x as of December 31, 2022. Business Segment Results - Novelis: Adjusted EBITDA per ton reached $499, up 33% YoY, with adjusted EBITDA at $454 million, a rise again by 33% YoY. - Aluminium Business (India): - Upstream EBITDA grew by 54% YoY to Rs 2,443 crore. - Downstream EBITDA decreased by 34% YoY to Rs 103 crore. - Copper Business: EBITDA reached a record Rs 656 crore, an increase of 20% YoY. Operational Highlights - Record Copper EBITDA was supported by higher volumes and robust operations. - Novelis saw improvement driven by favorable metal benefits from recycling and lower operating costs. - The Indian Aluminium Upstream Business maintained industry-leading EBITDA margins at 30.7%. Business Updates - Hindalco has prepaid long-term loans of Rs 4,370 crore during the year. - The company's India business began working on India's first Copper and e-waste recycling project in Gujarat. - Work on the nation's first Copper Inner Grooved Tubes plant is set to be commissioned by the end of CY2024. Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, “We continue to stay on our growth track despite challenging market conditions, delivering a strong performance, driven by an enhanced product mix and lower input costs across our businesses. The Copper Business registered a record EBITDA, up 20% YoY on the back of strong volume growth and robust operations. The Aluminium Upstream Business EBITDA rose 54% YoY, supported by stable operations and lower raw material costs, which keeps us positioned in the first quartile of the global cost curve. We continue to invest in promising growth areas both in aluminium and copper downstream. Our overseas business and global recycling leader Novelis showed 33% YoY improvement in EBITDA and EBITDA per ton, driven by favourable metal benefits from recycling, higher pricing, and lower operating costs. Robust cash generation in India operations enables further deleveraging of our India business; Hindalco has pre-paid long-term loans of Rs 4,370 crores during the year amid a high-interest rate scenario. On the ESG front, our first-of-its-kind energy transition initiative is on course to begin ramping up of 100 MW of round-the-clock carbon-free power for our Odisha smelter, by Q4 of CY2024.”