Hindalco hits records in June quarter on rising commodity prices

Metals cycle is expec­ted to stay strong and aid the company, but prices may top out this fiscal

Topics
Hindalco | Commodity prices | metals

Devangshu Datta 

Non-ferrous metals major Hindalco beat expectations with its June quarter (Q1FY22) results. At the consolidated level, it reported Ebitda (earnings before interest, taxes, depreciation, and amortisation) of Rs 6,790 crore, up 16 per cent quarter-on-quarter (QoQ), and up 188 per cent year-on-year (YoY). Consolidated profit after tax (PAT) was Rs 2,787 crore, up 493 per cent YoY and 45 per cent QoQ.

Ebitda margins for India reached a 13-year high of 37.5 per cent. Revenue of Rs 41,358 crore was ahead of Rs 25,283 crore (YoY) and Rs 40,507 crore (QoQ). All the three parameters were the ...

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First Published: Sat, August 07 2021. 02:25 IST
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