The company’s consolidated revenue from operations jumped 38 per cent on-year to Rs. 40,507 crore for the reported quarter.
The company’s board also declared a final dividend of Rs 3 per share for the financial year ended March 2021.
The company’s operating performance in the quarter was staggering as consolidated earnings before interest, tax, depreciation and amortization soared 33 per cent year-on-year to Rs 5,597 crore aided by a record performance by the India aluminium business and Novelis.
Hindalco said that Novelis reported an all-time high operating profit of $505 million, up 32 per cent on-year with adjusted EBITDA per tonne rising 9 per cent on-year to $514.
“The results were driven by a strong performance by Novelis and India aluminium business, supported by higher volumes and better product mix, lower input costs, stability in operations and cost saving actions,” the company said.
The India business reported a record quarter of earnings. The profit after tax of India business jumped 72 per cent on-year to Rs 653 crore aided by record aluminium sales of 92,000 tonne. The Indian aluminium business’ operating profit hit an all-time high of Rs 1,610 crore for the reported quarter, up 54 per cent on-year.
