Hindalco Q2 profit falls 36% on high energy costs, lower aluminium prices

Consolidated earnings before interest tax depreciation and amortisation (Ebitda) declined by 29 per cent YoY in Q2 to Rs 5,743 crore on higher input costs

Aditya Birla Group’s flagship Hindalco on Friday reported a 35.5 per cent year-on-year (YoY) decline in consolidated net profit for the September quarter (Q2FY23) to Rs 2,205 crore, due to elevated energy costs and a fall in aluminium prices. The profit for the quarter was below Street estimates of Rs 2,384 crore for the period even as revenue was ahead of estimates.

Hindalco saw revenue from operations increase nearly 18 per cent YoY during the quarter under review to Rs 56,176 crore. Bloomberg consensus estimates had pegged revenue at Rs 43,576 crore.

Consolidated earnings before interest tax depreciation and amortisation