Hindalco Q2 results FY25 disclosed a 78% year-on-year rise in the consolidated net profit. On the Hindalco result date which was November 11, 2024, the Hindalco share price was at ₹655.35. On November 12, 2024, Hindalco share price closed at ₹651.65.
Hindalco Q2 Results FY25: Key Highlights
- Hindalco Q2 results pointed out that consolidated sales grew by 7% to ₹58,203 crores and consolidated net profit of ₹3,909 crores for the second quarter, up 78%, driven by a strong operational performance by the India business, favourable macros, and prudent cost management.
- Operating Margins improved by 318 bps to 13.54% as mentioned in the Hindalco results.
- Hindalco continues to generate healthy cash flow which helped the Company keep the Net Debt to EBITDA ratio below 1.2x.
- Hindalco share price generated negative returns of 0.57% in the last 1 day (as on November 12, 2024).
Hindalco Q2 Results FY25: Business Performance
- Aluminium Upstream EBITDA per tonne was at $1,349, up 80%, with industry-best margins of 41%.
- Copper Business delivered another record-breaking performance in Q2, with EBITDA at an all-time high of ₹829 crores, up 27%.
- Novelis’ performance was impacted by the Sierre flood and the tightening of scrap spreads. Excluding the Sierre flood impact, shipments grew by 4% and EBITDA per tonne was at $502, as reported in the Hindalco quarterly results.
Hindalco Q2 Results: Management Commentary
Mr. Satish Pai, Managing Director of Hindalco Industries said that – “Our India business delivered a strong operational performance in Q2 bolstered by our relentless focus on operational reliability and cost management. Consequently, our Aluminium India Upstream business reported an EBITDA per tonne of $1,349-the highest in the last 10 quarters and the best-in-industry globally. The Copper business achieved another record quarterly EBITDA. Novelis’ global footprint allowed the company to achieve record beverage packaging shipments, partially offsetting the impact from the flooding-related outage at Sierre. During the quarter, we made significant progress across our growth projects in India Business and Novelis. Our company’s robust cash flow generation enabled us to maintain a consolidated net debt-to-EBITDA ratio below 1.2x.”
Hindalco Q2 Results: Sustainability Performance
Notably, Hindalco has been recognized as the World’s Most Sustainable Aluminium Company for the fifth consecutive year in the S&P Global Corporate Sustainability Assessment rankings 2024. Hindalco results disclosed that the company achieves a score of 87 out of 100 – up 9 points from last year’s score, and has the highest score till date.
Highlighting the Hindalco share price performance, it has generated a negative return of 6.58% in the last 1 week (as on November 12, 2024). Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
References
https://www.smctradeonline.com/research/equity-analysis/242
https://economictimes.indiatimes.com/hindalco-industries-ltd/stocks/companyid-13637.cms
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