 "Hindalco arm Utkal Alumina's Q3 EBITDA jumps 73% on strong alumina prices")
Utkal Alumina International Ltd, a 100 per cent subsidiary of Aditya Birla-owned Hindalco Industries, has posted 73 per cent surge in its EBITDA (earnings before interest, taxes, depreciation and amortisation) in the December quarter.
Utkal Alumina's EBITDA rose to Rs 2.47 billion in the reporting quarter, up from Rs 1.43 billion a year ago, on the back of higher international alumina prices. The company's strong performance was also aided by stable operations.
During April-December, the company's EBITDA grew 82 per cent to Rs 7.4 billion. Utkal Alumina also recorded a net profit of Rs 1.18 billion in the
Utkal Alumina's EBITDA rose to Rs 2.47 billion in the reporting quarter, up from Rs 1.43 billion a year ago, on the back of higher international alumina prices. The company's strong performance was also aided by stable operations.
During April-December, the company's EBITDA grew 82 per cent to Rs 7.4 billion. Utkal Alumina also recorded a net profit of Rs 1.18 billion in the
