Hindalco Q2 results FY22: Net profit surges 788% at Rs 3,417 cr
Steel

Hindalco Q2 results FY22: Net profit surges 788% at Rs 3,417 cr

Hindalco Industries Limited recorded its highest ever consolidated net profit with a 783% surge in Q2 FY22 at Rs 3,417 crore.

The firm recorded a net profit of Rs 387 crore in the previous year.

Consolidated revenue for the second quarter reached Rs 47,665 crore (compared to Rs 31,237 crore), increasing by 53% YoY.

Managing Director, Hindalco Industries, Satish Pai, told the media that their record-breaking performance this quarter is an affirmation of their completely integrated business model, which powers their performance in both upstream and downstream markets.

Hindalco recorded extraordinary achievements across all business sectors: Indian Aluminium Business set a near global industry record by attaining an EBITDA margin of 42%. Copper Business delivered the highest-ever quarterly sales in Q2, with both smelters operating optimally to match the strong market demand.

Novelis once again attained a record EBITDA per ton driven by higher volumes and convenient metal costs.

The results were driven by an exceptional performance by Novelis and India business, backed by strategic product mix, favourable macros, higher volumes and stability in operations.

Their product-rich portfolio strategy proceeds to deliver results across different market scenarios. It supports them to keep developing the downstream asset base and grow their market footprint.

The recent Ryker copper rod unit purchase is in keeping with our downstream capex (capital expenditure) plans declared earlier this year. They additionally continue to drive their ESG (environment, social and governance) agenda and aims to meet their sustainability Capexn on net neutrality, water positivity, zero discharge and more.

Image Source

Also read: Hindalco Q1FY22 results: Consolidated profit at Rs 2,787 cr

Hindalco Industries Limited recorded its highest ever consolidated net profit with a 783% surge in Q2 FY22 at Rs 3,417 crore. The firm recorded a net profit of Rs 387 crore in the previous year. Consolidated revenue for the second quarter reached Rs 47,665 crore (compared to Rs 31,237 crore), increasing by 53% YoY. Managing Director, Hindalco Industries, Satish Pai, told the media that their record-breaking performance this quarter is an affirmation of their completely integrated business model, which powers their performance in both upstream and downstream markets. Hindalco recorded extraordinary achievements across all business sectors: Indian Aluminium Business set a near global industry record by attaining an EBITDA margin of 42%. Copper Business delivered the highest-ever quarterly sales in Q2, with both smelters operating optimally to match the strong market demand. Novelis once again attained a record EBITDA per ton driven by higher volumes and convenient metal costs. The results were driven by an exceptional performance by Novelis and India business, backed by strategic product mix, favourable macros, higher volumes and stability in operations. Their product-rich portfolio strategy proceeds to deliver results across different market scenarios. It supports them to keep developing the downstream asset base and grow their market footprint. The recent Ryker copper rod unit purchase is in keeping with our downstream capex (capital expenditure) plans declared earlier this year. They additionally continue to drive their ESG (environment, social and governance) agenda and aims to meet their sustainability Capexn on net neutrality, water positivity, zero discharge and more. Image Source Also read: Hindalco Q1FY22 results: Consolidated profit at Rs 2,787 cr

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?