Comments
Hindalco Industries Limited shares slid by 0.76 per cent to trade at ₹616.65 on the NSE at 11.30 am today, despite a robust showing in Q1 FY25.
Hindalco Industries posted consolidated net sales of ₹57,000 crore, up 8 per cent year-on-year. Consolidated EBITDA surged 31 per cent to ₹7,500 crore, while adjusted profit after tax (PAT) increased 38 per cent to ₹3,400 crore.
Segment-wise, the aluminium business saw upstream revenue grow 10 per cent to ₹8,800 crore, with EBITDA rising 81 per cent. The copper segment achieved record EBITDA of ₹800 crore, up 52 per cent. Novelis reported an 8 per cent increase in shipments and 19 per cent rise in adjusted EBITDA.
Management announced capex plans of ₹5,500-6,000 crore for India operations and ₹11,500-17,500 crore for Novelis. Expansion projects include the addition of an alumina refinery in Odisha and a copper smelter.
The company expects stable coal costs and continued downstream expansions. The revised target price of ₹750 for ‘Buy’ rating is reiterated.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.