Hindalco Industries Ltd.'s net profit rose but missed analysts' estimates in the first quarter of financial year 2025.
The aluminium producer's net profit increased 25% year-on-year to Rs 3,074 crore in the quarter ended June, according to an exchange filing on Wednesday. This compares with the Rs 3,428-crore consensus estimate of analysts polled by Bloomberg.
Hindalco Q1 FY25 Earnings Highlights (Consolidated, YoY)
Revenue up 7.6% to Rs 57,013 crore (Bloomberg estimate: Rs 56,236.4 crore).
Ebitda up 31% to Rs 7,503 crore (Bloomberg estimate: Rs 7,201.3 crore).
Ebitda margin expands 237 basis points to 13.16% (Bloomberg estimate: 12.8%).
Net profit up 25% to Rs 3,074 crore (Bloomberg estimate: Rs 3,428 crore).
Segment-Wise Performance
Novelis: Total shipment of flat-rolled products was at 951 kilotonne, up 8% YoY, supported by stronger demand for beverage packaging and record automotive shipments. Net sales were up 2% at $4.2 billion, while net income stood 3% lower annually due to initial charges of flooding at Swiss plant, higher restructuring, unfavourable metal price lag. The net income, excluding special items, was up 32% YoY at $204 million
Aluminum (upstream): Upstream Ebitda stood at Rs 3,493 crore, up 80% YoY from Rs 1,935 crore.
Aluminum (downstream): Downstream Ebitda per tonne was $138 per tonne in the first quarter of fiscal 2025, as compared with $202 in the same period last year, down 32% YoY.
Copper: Ebitda for copper business stood at Rs 805 crore, as compared with Rs 531 crore in the same period last year, up 52% YoY. This growth was mainly driven by higher average copper prices during the quarter and robust operations, as per the company
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