Hindalco posts 32% jump in Q4 profit on strong margin, volumes

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Hindalco Industries, the flagship company of the Aditya Birla group, on Friday reported a 32% year-on-year jump in its consolidated net profit to ₹3,174 crore for the quarter ended March driven by strong margins and volumes across aluminium and copper businesses. The company's revenue from operations for the quarter was flat year-on-year at ₹55,994 crore.Hindalco's earnings before interest, taxes, depreciation, and amortization or Ebitda stood at ₹7,201 crore for Q4FY24, up 24%, driven by lower input costs and higher volumes.The demand for copper and aluminium going ahead remains very strong in India, said Satish Pai, managing director, Hindalco Industries."I think that we can get to the monsoon where we don't have supply disruptions, so, our cost of production is under control and if the commodity prices remain favorable, we should have another good year," Pai said in a statement.Consolidated net debt to Ebitda stood at 1.21 times as of 31 March 2024 against 1.39 times in the corresponding period a year ago.

“We continue to maintain a strong balance sheet and solid liquidity even after repaying ₹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," he said.Also Read: What explains the market-analyst divide on Hindalco?The company has allocated a capital expenditure of ₹6,000 crore for FY5.