Hindalcos Q1FY25 Results
- 16 Aug 2024
- Hindalco reported a 2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis too, it witnessed a growth of 8%.
- Its expenses for the quarter were up by 0.1% QoQ and 4% YoY.
- The net profit decreased 3% QoQ and increased 25% YoY.
- The earnings per share (EPS) of Hindalco stood at 13.8 during Q1FY25.
Hindalco’s Financial Statements for Q1FY25:
| (Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 53,382 | 56,356 | 57,437 | 2% | 8% |
Total expenses | 50,055 | 52,219 | 52,261 | 0.1% | 4% |
Profit before tax | 3,317 | 4,136 | 4,848 | 17% | 46% |
Tax | 863 | 962 | 1,774 | 84% | 106% |
Profit after tax | 2,454 | 3,174 | 3,074 | -3% | 25% |
Earnings per share | 11.0 | 14.3 | 13.8 |
Financials:
- Revenue Growth: Hindalco's total income increased by 8% YoY, rising from ₹53,382 crores in Q1FY24 to ₹57,437 crores in Q1FY25.
- Net Profit: Profit after tax grew by 25% YoY, rising from ₹2,454 crores in Q1FY24 to ₹3,074 crores in Q1FY25.
- EBITDA: ₹7,992 crores, increased by 31% YoY, fueled by lower input costs and higher volumes.
- Net Debt to EBITDA: Improved to 1.24x, from 1.73x in Q1FY24
- Earnings Per Share (EPS): EPS improved from ₹11.0 in Q1FY24 to ₹13.8 in Q1FY25.
Management Commentary:
Mr. Satish Pai, Managing Director, Hindalco Industries, said,
“Our strong Q1 results ride on the back of consistent operational excellence and cost optimisation, which allowed us to leverage the higher average metal prices. The Copper business achieved its highest quarterly EBITDA driven by high domestic sales (especially downstream products), healthy by-product credits and better operational efficiencies following a successful planned shutdown.
The Aluminium India Upstream business recorded an 81% growth in EBITDA over the previous year. At 40%, it has registered the highest EBITDA margins globally. Novelis’ EBITDA per tonne at $525, was up 10% YoY, primarily due to increased volumes led by normalised beverage can shipments. Looking ahead, the major capital formation phase of the downstream business is near completion, and from here on, we will explore growth opportunities in the upstream business, given our strong cash position. On the ESG front, I am happy to report that we are on track on our roadmap for climate action, waste recycling, water conservation, and biodiversity protection.”
Data Source: BSE, Company announcements
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