Hindalco Q3 Results Review - Ebitda In Line, While PAT Misses Our Estimates: Motilal Oswal
Capex for Novelis, a key monitorable.14-02-2024
14-02-2024
HINDALCO INDUSTRIES LTD. - 500440 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In terms of Listing Regulations, we write to inform you that Audio recording of the Earnings Call held for financial results of the Company for the quarter & nine months ended December 31, 2023 is available at: https://www.hindalco.com/investor-centre/reports-and-presentations13-02-2024
Q3FY24 Quarterly Result Announced for Hindalco Industries Ltd.
Aluminium & Aluminium Products company Hindalco Industries announced Q3FY24 results: Financial Performance - Consolidated Net Profit stood at Rs 2,331 crore, marking a significant increase of 71% YoY. - Consolidated EBITDA was Rs 6,322 crore, up by a robust 61% YoY. - Revenue from Operations saw a marginal decrease of 1% YoY to Rs 52,808 crore. - The company reported a consolidated Net Debt to EBITDA ratio of 1.43x, an improvement from 1.6x as of December 31, 2022. Business Segment Results - Novelis: Adjusted EBITDA per ton reached $499, up 33% YoY, with adjusted EBITDA at $454 million, a rise again by 33% YoY. - Aluminium Business (India): - Upstream EBITDA grew by 54% YoY to Rs 2,443 crore. - Downstream EBITDA decreased by 34% YoY to Rs 103 crore. - Copper Business: EBITDA reached a record Rs 656 crore, an increase of 20% YoY. Operational Highlights - Record Copper EBITDA was supported by higher volumes and robust operations. - Novelis saw improvement driven by favorable metal benefits from recycling and lower operating costs. - The Indian Aluminium Upstream Business maintained industry-leading EBITDA margins at 30.7%. Business Updates - Hindalco has prepaid long-term loans of Rs 4,370 crore during the year. - The company's India business began working on India's first Copper and e-waste recycling project in Gujarat. - Work on the nation's first Copper Inner Grooved Tubes plant is set to be commissioned by the end of CY2024. Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, “We continue to stay on our growth track despite challenging market conditions, delivering a strong performance, driven by an enhanced product mix and lower input costs across our businesses. The Copper Business registered a record EBITDA, up 20% YoY on the back of strong volume growth and robust operations. The Aluminium Upstream Business EBITDA rose 54% YoY, supported by stable operations and lower raw material costs, which keeps us positioned in the first quartile of the global cost curve. We continue to invest in promising growth areas both in aluminium and copper downstream. Our overseas business and global recycling leader Novelis showed 33% YoY improvement in EBITDA and EBITDA per ton, driven by favourable metal benefits from recycling, higher pricing, and lower operating costs. Robust cash generation in India operations enables further deleveraging of our India business; Hindalco has pre-paid long-term loans of Rs 4,370 crores during the year amid a high-interest rate scenario. On the ESG front, our first-of-its-kind energy transition initiative is on course to begin ramping up of 100 MW of round-the-clock carbon-free power for our Odisha smelter, by Q4 of CY2024.” Result PDF13-02-2024
HINDALCO INDUSTRIES LTD. - 500440 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation for the Board Meeting of Hindalco Industries Limited.13-02-2024
HINDALCO INDUSTRIES LTD. - 500440 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Media Release of the Board Meeting of Hindalco Industries Limited.13-02-2024
HINDALCO INDUSTRIES LTD. - 500440 - Announcement under Regulation 30 (LODR)-Change in Directorate
Change in Directorate as per attachment.13-02-2024
HINDALCO INDUSTRIES LTD. - 500440 - Results - Financial Results Dated 13/02/2024
As per attachment.13-02-2024
HINDALCO INDUSTRIES LTD. - 500440 - Board Meeting Outcome for Outcome Of The Board Meeting
Pursuant to the above referred, kindly note that the Board of Directors of the Company at its meeting held today (''the meeting'') have transacted the following business items: Financial Results: Appointment/Re-appointment Notice of Postal Ballot The Meeting commenced at 1 2: 15 p.m. & concluded at 1 :35 p.m.13-02-2024
HINDALCO INDUSTRIES LTD. - 500440 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith the Press release and Investor Presentation of Novelis Inc. of its results for Q3 FY24 ending December 31, 2023. The above information will also be made available on the Company''s website www.hindalco.com and Novelis Inc. website www.novelis.com.12-02-2024
HINDALCO INDUSTRIES LTD. - 500440 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed herewith Press release and Investor Presentation issued by Novelis Inc. of its results for Q3 FY24 ending December 31, 2023. The above information will also be made available on the Company''s website www.hindalco.com and Novelis Inc. website www.novelis.com.12-02-2024