Aditya Birla Group metals flagship Hindalco Industries has again reported its highest net profit in Q1 of 2022-23, surpassing its record performance in Q4 of 2021-22. The company's consolidated PAT peaked to an all-time high of INR 4,119 crore, a 48% YoY and 77% QoQ growth despite rising costs and inflationary pressures. The results were driven by an excellent performance by Novelis, and a robust performance by Aluminium Downstream and Copper businesses, supported by operational efficiencies and higher volumes.April-June 2022 QuarterRevenue from Operations – INR 58,018 crores, up 40% YoYEBITDA Novelis – INR 4,334 crores, up 6% YoYEBITDA Aluminium Upstream – INR 3,272 crores, up 41% YoYEBITDA Aluminium Downstream – INR 158 crores, up 305% YoYCopper – INR 565 crores, up 116% YoYEBITDA – INR 8,640 crores, up 27% YoYProfit – INR 4,119 crores, up 48% YoY
Aditya Birla Group metals flagship Hindalco Industries has again reported its highest net profit in Q1 of 2022-23, surpassing its record performance in Q4 of 2021-22. The company's consolidated PAT peaked to an all-time high of INR 4,119 crore, a 48% YoY and 77% QoQ growth despite rising costs and inflationary pressures. The results were driven by an excellent performance by Novelis, and a robust performance by Aluminium Downstream and Copper businesses, supported by operational efficiencies and higher volumes.April-June 2022 QuarterRevenue from Operations – INR 58,018 crores, up 40% YoYEBITDA Novelis – INR 4,334 crores, up 6% YoYEBITDA Aluminium Upstream – INR 3,272 crores, up 41% YoYEBITDA Aluminium Downstream – INR 158 crores, up 305% YoYCopper – INR 565 crores, up 116% YoYEBITDA – INR 8,640 crores, up 27% YoYProfit – INR 4,119 crores, up 48% YoY
