Hindalco PAT hikes 95.7% to Rs 3,675 cr in Dec quarter FY21

14 Feb 2022 CW Team

Aditya Birla Group's metals flagship, Hindalco Industries Ltd, announced a 95.7% boost in consolidated profit after tax (PAT) to Rs 3,675 crore for the quarter of December 31, 2021.

The boost in PAT was caused by focusing on downstream value-added products, including better-operating efficiencies.

The firm reported a consolidated PAT of Rs 1,877 crore, and in October-December 2021 increased to Rs 50,272 crore, compared with Rs 34,958 crore in the year-ago period.

The firm revealed that PAT in Q3 FY22 increased to a record Rs 3,675 crore compared to Rs 1,877 crore in Q3 FY21, a 96% jump year-over-year (YoY).

Its consolidated revenue for the third quarter stood at Rs 50,272 crore, a jump of 44% from Rs 34,958 crore.

In Q3 FY22, the company reported its highest net profit surpassing all previous quarterly performances.

The results were driven by a consistent performance by Novelis, a leading producer of flat-rolled aluminium products and by Indian businesses, backed by strategic product mix and enhanced performance by the downstream business, and profitable macros.

Satish Pai, Hindalco Industries Managing Director, told the media that the firm has already proposed more than Rs 3000 crore worth of investments in their downstream pipeline Hirakud and Silvassa, and the Ryker and Hydro's Kuppam units acquisitions.

Novelis has also announced capital projects that align sustainability considerations and market development.

Pai gave an example of a $365 million closed-loop recycling and casting centre for the North American market. He said the company expects a surge in aluminium and copper demand.

Image Source

Also read: Hindalco signs deal with Norsk Hydro for Rs 247 cr aluminium business

Infrastructure Energy

05 Jun 2026

India Adds Record 44.61 GW Solar Capacity in FY2026

India’s solar sector reached a milestone in FY2026, with cumulative installed capacity crossing 150 GW and annual additions hitting a record 44.61 GW, exceeding the government target of 34 GW and nearly doubling FY2025’s 23.83 GW. Distributed Renewable Energy contributed 16.3 GW, while PPA and C&I segments accounted for 34 per cent and 30 per cent, respectively.India has risen from 9th globally in 2015 to 3rd in cumulative solar capacity by 2025 and is set to become the world’s second-largest solar market in annual installations in 2026. Seven states, led by Rajasthan and Gujarat, ac..

Abhee Ventures unveils Scottish-themed 45-acre township in Bengaluru

Abhee Ventures, a leading South Indian real estate developer, has announced “Codename New Dimension,” a 45-acre Scottish-themed residential township at Gunjur on Whitefield–Sarjapur Road, Bengaluru. Strategically located between Whitefield and Sarjapur Road, Gunjur benefits from strong connectivity to the Outer Ring Road IT corridor, ITPL, EPIP, the upcoming Dommasandra Metro Station, and the proposed SWIFT City and Peripheral Ring Road.The township, designed in collaboration with London-based UHA London and India’s RSP Architects, offers low-density living with 85 per cent open spaces..

Hindalco unveils Eternia experience centre for high-performance aluminium windows

Hindalco Industries, the metals flagship of the Aditya Birla Group, has launched its Eternia experience centre in Lajpat Nagar, New Delhi, highlighting its high-performance aluminium window systems designed for India’s evolving construction sector. The company is also expanding its manufacturing footprint in North India with a new Bilaspur facility.Eternia has emerged as one of the fastest-growing brands in system aluminium windows, registering nearly 65 per cent CAGR over the last three years. With a nationwide network of 170+ channel partners across 100+ cities, the brand serves homeowners..