Aluminium, Copper twin triggers for Hindalco, Novelis a key positive

The copper segment, too, did well, maintaining its profitability helped by improving by-product realisations and raising continuous cast rod (CCR) production

After a strong show by Hindalco’s US subsidiary Novelis, its domestic operations too put up a robust performance. Though revenues from operations grew just 2.4 per cent year-on-year (sequentially flat), it was the smart jump in profitability of aluminium segment that aided a sharp 17.5 per cent y-o-y jump in operating profits. 

The good performance by the aluminium segment was on account of better realisations and stable plant operations, helping profits grow 35 per cent y-o-y, while the same on a sequential basis was 21 per cent. 

While the 18 per cent rise in aluminium prices on the London Metal