Hindalco reports higher-than-expected Q3 PAT at Rs 713 crore, up 47% yoy

Hindalco delivered the quarterly performance across all its businesses despite challenging environment and rising inputs cost

Hindalco Industries today reported a net profit of Rs 713 crore (including Utkal Alumina) for December quarter, up 47 per cent from same period last year on the back of higher revenues and lower finance cost even as input costs of coal furnace oil went up during the same period.

The company’s revenue in the period under review stood at Rs 11,938 crore, up 8 per cent from the same period last year because of supporting macroeconomic reasons, improvement in operational efficiencies and better realisations.

According to Bloomberg estimates, Hindalco Industries’ topline was seen at Rs 12,625 crore in the