November 02, 2024 23:49 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Andhra Pradesh: Three-year-old girl raped and murdered by relative in Tirupati | Two terrorists killed in encounter with security forces in Kashmir's Anantnag | Bengal: 5-year-old girl raped and murdered in Alipurduar, accused beaten to death by angry villagers | Kashmir: Encounter breaks out between security forces and terrorists in Srinagar | Mumbai Police initiates extradition process to bring back Lawrence Bishnoi's brother Anmol Bishnoi from US
Hindalco Industries Q4FY24 PAT grows 32% to Rs 3,174 cr
Photo courtesy: wikipedia.org

Hindalco Industries Q4FY24 PAT grows 32% to Rs 3,174 cr

| @indiablooms | 25 May 2024, 12:40 am

Mumbai: Hindalco Industries reported a 31.6 percent year-on-year increase in consolidated net profit for the March quarter, reaching Rs 3,174 crore compared to Rs 2,411 crore a year ago. This growth was driven by robust sales and lower input costs across its business segments.

The company's consolidated revenue from operations remained stable at Rs 55,994 crore, according to an exchange filing by the Aditya Birla Group flagship on May 24.

Hindalco's EBITDA rose by 24 percent year-on-year to Rs 7,201 crore, up from Rs 5,818 crore in Q4 FY23, attributed to lower input costs and higher volumes.

The company's board has recommended a final dividend of Rs 3.50 per share for the fiscal year ending March 31, 2024.

Revenue from the copper business increased by 20 percent to Rs 13,424 crore, driven by higher sales volumes and prices. Revenue from the aluminium upstream segment rose by 5 percent to Rs 8,459 crore.

"We continue to maintain a strong balance sheet and solid liquidity even after repaying Rs 5,195 crore of debt in Hindalco India business during the year. This positions us well to stay on our growth track and drive our future organic growth plans with prudent capital allocation," managing director Satish Pai said in a statement.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.