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Hindalco posts highest ever quarterly profit in Q1 at Rs 4,119 cr, up 48%

The company's net debt fell 19% from a year earlier to Rs 42,193 crore at the end of June, it said in the earnings presentation

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Hindalco Industries Ltd.’s quarterly profit jumped by almost half from a year earlier, underpinned by strong US sales and higher revenue that cushioned the impact of pricier raw materials.

Hindalco on Wednesday reported a 47.7% rise in consolidated profit after tax (PAT) at Rs 4,119 crore for the quarter ended June 30, on the back of strong operational efficiencies. That beat analysts’ estimates for a profit of Rs 2,850 crore.

The company had posted a consolidated PAT of Rs 2,787 crore in the year-ago period, Hindalco Industries, the metals flagship of Aditya Birla Group, said in a regulatory filing.

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First Published: Aug 10 2022 | 3:11 PM IST

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