Hindalco Q4 profit doubles to Rs 3,851 cr, earnings up 38 percent

Record profit for Hindalco

The company’s income has also increased from Rs 40,507 crore to Rs 55,764 crore during this period. That is, there has been an increase of 38 percent in comparison to the previous year.

Aditya Birla Group’s Hindalco (Hindalco) Industries Limited on Thursday announced its quarterly results ,Quarterly Results) in which the company has reported record profits during the quarter. According to the company, its consolidated profit has increased by 99.7 percent to Rs 3,851 crore during the quarter ended March. The company had a profit of Rs 1,928 crore in the same quarter a year ago. The company informed that the jump in profits was due to the excellent performance of the business in India. According to the company, this is the highest profit ever in any quarter.Record Profit) Used to be. According to the company, the better performance of the aluminum segment has helped the company achieve record profits.

38% increase in income

The company’s income has also increased from Rs 40,507 crore to Rs 55,764 crore during this period. That is, there has been an increase of 38 percent in comparison to the previous year. During the quarter, EBITDA has increased by 30 percent over the previous year to reach the level of Rs 7,597 crore. A year ago it was at the level of Rs 5,845 crore. Along with the results, the company informed that better results have been registered due to better operating performance of the company, better signals from the economy, emphasis on downstream valued products. At the same time, the company informed that the Net Debt to Ebitda Ratio has come down from 2.59 to 1.36 level as compared to last year. Looking at the performance of the segment, the EBITDA of aluminum segment grew by 123 percent during the quarter. On the other hand, EBITDA of copper has increased by 20 percent.

Profits had doubled in the third quarter as well

The special thing is that earlier in the third quarter also, Hindalco’s profit had doubled. Profit stood at Rs 3,675 crore for the quarter ended December.