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

17 Nov 2021 CW Team

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

Infrastructure Transport

11 May 2026

RAHSTA 2026 to Host Certified Highway Construction Masterclass

RAHSTA 2026 will organise the Certified Highway Construction Masterclass, a specialised two-day corporate training programme for highway construction professionals, on July 8–9, 2026, at the Jio World Convention Centre.The Masterclass will be delivered by RASTA – Center for Road Technology and supported by Construction World and FIRST Construction Council.Designed as an industry-led refresher programme, the Masterclass aims to help engineering and project teams stay updated with the latest advancements in highway construction, pavement technologies, sustainable materials, intelligent compa..

Grand Mercure Mysuru Turns 10; BHVL to Invest Rs 1,000 Crore in Karnataka

Brigade Hotel Ventures Limited (BHVL) has marked the 10th anniversary of its flagship property, Grand Mercure Mysuru, by announcing a major investment plan of around Rs 1,000 crore in Karnataka over the next five years. The company said the investment will be directed towards new hospitality projects as well as modernisation of existing assets, aligning with the evolving demand for experiential tourism.The announcement comes as BHVL reiterated its focus on strengthening Mysuru’s position as a prominent global tourism destination by supporting the local micro-economy and adopting sustainable ..

Ottobock and Celcius Set Up Prosthetics Warehouse in India

Celcius Logistics, a domestic third-party logistics (3PL) company specialising in end-to-end cold-chain solutions, has partnered with Ottobock India, the Indian arm of Germany-based Ottobock, to establish a dedicated prosthetics warehouse and logistics distribution hub in India. As part of the collaboration, a technology-enabled facility has been launched in Thane to streamline storage and nationwide movement of prosthetic and assistive devices.The dedicated warehouse is expected to strengthen the medical supply chain by reducing turnaround time and improving access to prosthetic products acro..