|
Net sales (including other operating income)
of Hindalco Industries has increased 10.57% to Rs 58390 crore. Sales of Novelis segment has gone up 5.23% to
Rs 34,461.00 crore (accounting for 56.14% of total sales) mainly driven by
higher average aluminum prices with total rolled product shipments of 904
kilotonnes largely comparable to the prior year period. Sales of Aluminium Upstream segment has gone
up 25.37% to Rs 9,993.00 crore (accounting for 16.28% of total sales). Sales of Aluminium Downstream segment rose
25.44% to Rs 3,195.00 crore (accounting for 5.21% of total sales). Sales of Copper segment has gone up 14.87% to
Rs 13,732.00 crore (accounting for 22.37% of total sales). Inter-segment sales rose Rs 1,706.00 crore to
Rs 2,302.00 crore. Profit before interest, tax and other
unallocable items (PBIT) has jumped 18.05% to Rs 8,246.00 crore. PBIT of Novelis segment fell 18.13% to Rs
3,097.00 crore (accounting for 37.56% of total PBIT). PBIT of Aluminium Upstream segment rose
72.82% to Rs 4,222.00 crore (accounting for 51.20% of total PBIT) supported by
lower input costs. PBIT of Aluminium
Downstream segment rose 45.63% to Rs 150.00 crore (accounting for 1.82% of
total PBIT). PBIT of Copper segment rose
18.45% to Rs 777.00 crore (accounting for 9.42% of total PBIT) backed by
continued strong domestic sales and higher by-product realisations.
PBIT margin of Novelis segment fell from
11.55% to 8.99%. PBIT margin of
Aluminium Upstream segment rose from 30.65% to 42.25%. PBIT margin of Aluminium Downstream segment
rose from 4.04% to 4.69%. PBIT margin of
Copper segment rose from 5.49% to 5.66%.
Overall PBIT margin rose from 12.65% to 13.43%.
Operating profit margin has jumped from
11.11% to 12.99%, leading to 29.29% rise in operating profit to Rs 7,583.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 59.59% to 59.95%. Purchase of finished goods cost fell from
1.34% to 0.26%. Employee cost decreased
from 7.30% to 6.60%. Other expenses
fell from 20.63% to 20.03%. Power and
Oil fuel cost fell from 6.60% to 6.54%.
Provisions writeoffs cost fell from 0.35% to 0.03%. Other provisions fell from 0.35% to 0.03%.
Other income rose 81.79% to Rs 509
crore. PBIDT rose 31.68% to Rs 8092
crore. Provision for interest fell
13.45% to Rs 817 crore.
PBDT rose 39.88% to Rs 7275 crore. Provision for depreciation rose 3.47% to Rs
1939 crore.
Profit before tax grew 60.38% to Rs 5,336.00
crore. Provision for tax was expense of
Rs 1561 crore, compared to Rs 997 crore.
Effective tax rate was 29.48% compared to 29.96%.
Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 60.23% to Rs 3,735.00 crore driven by a strong
operational performance by the India business.
Promoters’ stake was 34.64% as of 31 December
2024 ,compared to 34.64% as of 31 December 2023 .
Commenting
on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said, "Hindalco
delivered robust consolidated results in the third quarter despite global
uncertainties, driven by an excellent performance of its India business. The
Aluminium India Upstream business achieved record quarterly EBITDA, with
industry-leading margins of 42%. The downstream segment experienced consistent
growth posting a 36% increase in EBITDA. The Copper business delivered a robust
18% growth in EBITDA. The business marked a significant milestone by achieving
the ‘Copper Mark- JDDS’ for its responsible and sustainable production
practices. 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.
Our holistic ESG approach continues to gain
global recognition. Hindalco is the only company to achieve a Top 1% ranking in
the S&P Global Sustainability Yearbook 2025 with the highest ESG score in
the aluminium sector.”
For
year-to-date (YTD) results analysis
Net sales (including other operating income)
of Hindalco Industries has increased 8.53% to Rs 173606 crore. Sales of Novelis segment has gone up 5.03% to
Rs 105,365.00 crore (accounting for 57.68% of total sales). Sales of Aluminium Upstream segment has gone
up 16.91% to Rs 27,957.00 crore (accounting for 15.30% of total sales). Sales of Aluminium Downstream segment rose
21.19% to Rs 9,224.00 crore (accounting for 5.05% of total sales). Sales of Copper segment has gone up 11.81% to
Rs 40,138.00 crore (accounting for 21.97% of total sales). Inter-segment sales rose Rs 5,322.00 crore to
Rs 6,816.00 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 27.26% to Rs 25,388.00 crore. PBIT of Novelis segment fell 0.87% to Rs
11,139.00 crore (accounting for 43.88% of total PBIT). PBIT of Aluminium Upstream segment rose
77.06% to Rs 11,424.00 crore (accounting for 45.00% of total PBIT). PBIT of Aluminium Downstream segment fell
1.66% to Rs 414.00 crore (accounting for 1.63% of total PBIT). PBIT of Copper segment rose 31.03% to Rs
2,411.00 crore (accounting for 9.50% of total PBIT).
PBIT margin of Novelis segment fell from
11.20% to 10.57%. PBIT margin of
Aluminium Upstream segment rose from 26.98% to 40.86%. PBIT margin of Aluminium Downstream segment
fell from 5.53% to 4.49%. PBIT margin of
Copper segment rose from 5.13% to 6.01%.
Overall PBIT margin rose from 11.89% to 13.90%.
Operating profit margin has jumped from
10.75% to 13.23%, leading to 33.61% rise in operating profit to Rs 22,969.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 61.21% to 60.50%. Purchase of finished goods cost fell from
1.02% to 0.62%. Employee cost decreased
from 6.88% to 6.54%. Other expenses
fell from 20.16% to 19.26%. Power and
Oil fuel cost fell from 6.78% to 6.16%.
Other income rose 77.07% to Rs 2008
crore. PBIDT rose 36.30% to Rs 24977
crore. Provision for interest fell
14.31% to Rs 2545 crore.
PBDT rose 46.09% to Rs 22432 crore. Provision for depreciation rose 4.72% to Rs
5763 crore.
Profit before tax grew 69.19% to Rs 16,669.00
crore. Provision for tax was expense of
Rs 5069 crore, compared to Rs 2895 crore.
Effective tax rate was 32.11% compared to 29.31%.
Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 53.53% to Rs 10,718.00 crore.
Promoters’ stake was 34.64% as of 31 December
2024 ,compared to 34.64% as of 31 December 2023 .
The scrip is currently trading at Rs 602.
|
Hindalco Industries : Consolidated
Results
|
|
Particulars
|
2412
(03)
|
2312
(03)
|
Var.(%)
|
2412
(09)
|
2312
(09)
|
Var.(%)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Net
Sales (including other operating income)
|
58,390.00
|
52,808.00
|
11
|
1,73,606.00
|
1,59,968.00
|
9
|
2,15,962.00
|
2,23,202.00
|
-3
|
|
OPM
(%)
|
13.0
|
11.1
|
|
13.2
|
10.8
|
|
11.1
|
10.2
|
|
|
OP
|
7,583.00
|
5,865.00
|
29
|
22,969.00
|
17,191.00
|
34
|
23,872.00
|
22,666.00
|
5
|
|
Other
Inc.
|
509
|
280
|
82
|
2,008.00
|
1,134.00
|
77
|
1,496.00
|
1,257.00
|
19
|
|
PBIDT
|
8,092.00
|
6,145.00
|
32
|
24,977.00
|
18,325.00
|
36
|
25,368.00
|
23,923.00
|
6
|
|
Interest
|
817
|
944
|
-13
|
2,545.00
|
2,970.00
|
-14
|
3,858.00
|
3,646.00
|
6
|
|
PBDT
|
7,275.00
|
5,201.00
|
40
|
22,432.00
|
15,355.00
|
46
|
21,510.00
|
20,277.00
|
6
|
|
Depreciation
|
1939
|
1874
|
3
|
5763
|
5503
|
5
|
7521
|
7086
|
6
|
|
PBT
|
5,336.00
|
3,327.00
|
60
|
16669
|
9852
|
69
|
13989
|
13191
|
6
|
|
Share
of Profit/(Loss) from Associates
|
1
|
1
|
0
|
3
|
3
|
0
|
2
|
9
|
-78
|
|
PBT
before EO
|
5337
|
3328
|
60
|
16672
|
9855
|
69
|
13991
|
13200
|
6
|
|
EO
Income
|
-41
|
0
|
-
|
-885
|
21
|
PL
|
21
|
41
|
-49
|
|
PBT
after EO
|
5296
|
3328
|
59
|
15787
|
9876
|
60
|
14012
|
13241
|
6
|
|
Taxation
|
1561
|
997
|
57
|
5069
|
2895
|
75
|
3857
|
3144
|
23
|
|
PAT
|
3735
|
2331
|
60
|
10718
|
6981
|
54
|
10155
|
10097
|
1
|
|
Minority
Interest (MI)
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
Net
profit
|
3735
|
2331
|
60
|
10718
|
6981
|
54
|
10155
|
10097
|
1
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
45.1
|
44.8
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 224.72 crore, Face value of Rs 1, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|
Hindalco Industries : Consolidated
Segment Results
|
|
|
%
of (Total)
|
2409
(03)
|
2309
(03)
|
Var.(%)
|
%
of (Total)
|
2409
(03)
|
2309
(03)
|
Var.(%)
|
%
of (Total)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Novelis
|
56
|
34,461
|
32,749
|
5
|
58
|
1,05,365
|
1,00,316
|
5
|
59
|
1,34,175
|
1,48,471
|
-10
|
|
Aluminium
Upstream
|
16
|
9,993
|
7,971
|
25
|
15
|
27,957
|
23,913
|
17
|
14
|
32,382
|
33,010
|
-2
|
|
Aluminium
Downstream
|
5
|
3,195
|
2,547
|
25
|
5
|
9,224
|
7,611
|
21
|
5
|
10,531
|
11,009
|
-4
|
|
Copper
|
22
|
13,732
|
11,954
|
15
|
22
|
40,138
|
35,897
|
12
|
22
|
49,321
|
41,702
|
18
|
|
Total
Reported Sales
|
100
|
61,381
|
55,221
|
11
|
100
|
1,82,684
|
1,67,737
|
9
|
100
|
2,26,409
|
2,34,192
|
-3
|
|
Less:
Inter segment revenues
|
|
2,302
|
1,706
|
35
|
|
6,816
|
5,322
|
28
|
|
10,447
|
10,990
|
-5
|
|
Net
Sales
|
|
59,079
|
53,515
|
10
|
|
1,75,868
|
1,62,415
|
8
|
|
2,15,962
|
2,23,202
|
-3
|
|
PBIT
|
|
|
|
|
|
Novelis
|
38
|
3,097
|
3,783
|
-18
|
44
|
11,139
|
11,237
|
-1
|
56
|
15,507
|
14,543
|
7
|
|
Aluminium
Upstream
|
51
|
4,222
|
2,443
|
73
|
45
|
11,424
|
6,452
|
77
|
33
|
9,161
|
8,402
|
9
|
|
Aluminium
Downstream
|
2
|
150
|
103
|
46
|
2
|
414
|
421
|
-2
|
2
|
573
|
627
|
-9
|
|
Copper
|
9
|
777
|
656
|
18
|
9
|
2,411
|
1,840
|
31
|
9
|
2,616
|
2,253
|
16
|
|
Total
PBIT
|
100
|
8,246
|
6,985
|
18
|
100
|
25,388
|
19,950
|
27
|
100
|
27,857
|
25,825
|
8
|
|
Less
: Interest
|
|
817
|
944
|
-13
|
|
2,545
|
2,970
|
-14
|
|
3,858
|
3,646
|
6
|
|
Add:
Other un-allcoable
|
|
-2,133
|
-2,713
|
-21
|
|
-7,056
|
-7,104
|
-1
|
|
-9,987
|
-8,938
|
12
|
|
PBT
|
|
5,296
|
3,328
|
4
|
|
15,787
|
9,876
|
4
|
|
14,012
|
13,241
|
4
|
|