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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code