Hindalco Industries Q4 net profit at Rs 3,806 crore

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Hindalco Industries Q4 net profit at Rs 3,806 crore

Hindalco Industries Limited, the Aditya Birla Group metals subsidiary, reported a 100 per cent increase in its consolidated net profit at record Rs 3,851 crore for the quarter ended March 31, 2022. In the same quarter last fiscal, the company had a net profit of 1,928 crore.

In the quarter under review, the company's revenue from operations went up 38 per cent to Rs 55,764 crore, compared to Rs 40,507 crore a year ago.

Its consolidated earnings before interest, taxes, depreciation and amortization or EBITDA stood at Rs 7,597 crore, up 30 per cent YoY, while the firm witnessed an all-time high quarterly aluminium India EBITDA at Rs 4,050 crore, up 123 per cent YoY. EBITDA margins were 41 per cent during the quarter.

The results were driven by an outstanding performance by India Business, supported by favourable macros, strategic product mix and improved performance by the downstream business, the company stated.

It added that the results of Novelis Q 4 were impacted primarily due to cost inflation, semiconductor chip shortage in automotive and other short-term operational issues.

The board recommended dividends of Rs 4 per share for FY 22 as opposed to Rs 3 per share for FY 21.

Satish Pai, Managing Director, Hindalco Industries, said: With record profitability in the fourth quarter, we had a very good end to the year. Hindalco's highest-ever profits are not only due to strong macros but also our constant focus on operational excellence and cost optimization. We are one of the world s lowest cost and highest EBITDA margin producers of aluminium. Our strategy to build a more sustainable business model that is isolated from metal cycles is working well for us. Over 70% of our growth capex has been allocated to value-enhancing downstream segments. He added that our growth capex will be funded from internal accruals for the next five years.