Hindalco Industries Q4FY24 PAT grows 32% to Rs 3,174 cr
Mumbai: Hindalco Industries reported a 31.6 percent year-on-year increase in consolidated net profit for the March quarter, reaching Rs 3,174 crore compared to Rs 2,411 crore a year ago. This growth was driven by robust sales and lower input costs across its business segments.
The company's consolidated revenue from operations remained stable at Rs 55,994 crore, according to an exchange filing by the Aditya Birla Group flagship on May 24.
Hindalco's EBITDA rose by 24 percent year-on-year to Rs 7,201 crore, up from Rs 5,818 crore in Q4 FY23, attributed to lower input costs and higher volumes.
The company's board has recommended a final dividend of Rs 3.50 per share for the fiscal year ending March 31, 2024.
Revenue from the copper business increased by 20 percent to Rs 13,424 crore, driven by higher sales volumes and prices. Revenue from the aluminium upstream segment rose by 5 percent to Rs 8,459 crore.
"We continue to maintain a strong balance sheet and solid liquidity even after repaying Rs 5,195 crore of debt in Hindalco India business during the year. This positions us well to stay on our growth track and drive our future organic growth plans with prudent capital allocation," managing director Satish Pai said in a statement.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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