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15-Feb-2024

Hindalco Industries

Strong performance


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Hindalco Industries consolidated net sales declined 0.65% to Rs 52808 crore in Q3FY24 compared to Q3FY223.  Sales of Novelis has gone down 6% to Rs 32749 crore (accounting for 59% of total sales).  Sales of Aluminium upstream fell 1% to Rs 7971 crore (accounting for 14% of total sales).  Sales of Aluminium downstream has gone down 4% to Rs 2547 crore (accounting for 5% of total sales).  Sales of Copper segment was up 16% to Rs 11954 crore (accounting for 22% of total sales).  Inter-segment sales fell 5% to Rs Rs 2413 crore. 

Profit before interest, tax and other unallocable items (PBIT) has jumped 36% to Rs 6985 crore.  PBIT of Novelis rose 33% to Rs 3783 crore (accounting for 54% of total PBIT).  PBIT of Aluminium upstream rose 54% to Rs 2443 crore (accounting f...



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