Hindalco Industries Q2 profit tumbles 35%

14 Nov 2022 CW Team

Hindalco Industries Ltd reported a 35.4 percent drop in consolidated profit after tax to Rs 22.05 billion for the quarter ended September, owing primarily to higher input costs. Hindalco Industries, a subsidiary of the Aditya Birla Group, reported a consolidated profit after tax of Rs 34.17 billion in the previous fiscal year, according to a BSE filing.

However, consolidated revenue from operations increased to Rs 561.76 billion in the second quarter of the current fiscal year from Rs 476.65 billion the previous year.

"Hindalco Industries... reported consolidated revenue of Rs 561.76 billion in Q2 FY23, an increase of 18 per cent Y-o-Y, driven by higher volumes and better realisations," the company said in a statement.

The company reported an EBITDA of Rs 57.43 billion in the second quarter, a 29% decrease from the previous year, owing to rising input costs and unfavourable macroeconomic conditions. This was offset in part by improved operational performance in the copper and downstream businesses. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) is an abbreviation for Earnings Before Interest, Taxes, Depreciation, and Amor.

Satish Pai, the company's managing director, stated that over the years, the company has transitioned to a resilient and integrated business model that supports performance and profitability even in difficult times.

Despite an increase in input costs, the company produced the highest-ever volumes of aluminium metal.

While the company's upstream aluminium business' EBITDA was impacted by higher raw material and energy costs, the company's downstream aluminium business performed well, with EBITDA more than doubling year on year due to better pricing and market demand.

According to Pai, the copper industry outperformed, reporting its highest-ever metal and copper rod sales.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..