Hindalco reports record June-quarter profit of ₹7,013 crore on aluminium price surge
AI Market Summary
Hindalco reported record Q1 revenue, EBITDA, and net profit, driven by a near 50% YoY rise in aluminium prices and improved performance at Novelis, reinforcing evidence of a tight aluminium market with low inventories. Management flagged softer average aluminium pricing in Q2 versus Q1, tempering near-term upside. The results underscore strong earnings sensitivity to aluminium benchmarks and supply-driven price dynamics.
Impact level
● Medium
Affected assets
NCCOALUMINIUM2USD/USDT-0.28%
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▲ Bullish
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Hindalco Industries reported record results for the first quarter, with consolidated net profit up 75% year on year to ₹7,013 crore and revenue rising 32% to ₹84,825 crore. Ebitda climbed 73% to ₹14,989 crore, also a record high, helped by a near-50% jump in aluminium prices and a recovery at its U.S. unit Novelis. The company said it expects average aluminium prices in the second quarter to ease to about $3,200 per tonne from $3,577 per tonne in the first quarter.
