Hindalco share price jumps over 2% as Q3 profit up 60% to ₹3,735 crore

In early trade, the stock rose as much as 2.24% to ₹616 apiece on the National Stock Exchange. At 9:27 am, it was up 0.63% to ₹606.30 per share.

Hindalco Industries Q3 results

Hindalco Industries' consolidated net profit advanced 60% to ₹3,735 crore in the third quarter of the current fiscal year, compared to ₹2,331 crore in the year-ago period.

The company's total income increased 10.94% to ₹58,899 crore as against ₹53,088 crore a year back.

Its expenses stood at ₹53,563 crore in the quarter under review, up 7.64% from ₹49,761 crore in the latest December quarter.

Commenting on earnings, the company's MD Satish Pai said, "Hindalco delivered robust consolidated results in the third quarter despite global uncertainties, driven by an excellent performance of its India business. The Aluminium India Upstream business achieved record quarterly EBITDA, with industry-leading margins of 42%. The downstream segment experienced consistent growth, posting a 36% increase in EBITDA."

"During the quarter, we secured critical resources for our India upstream business, enhancing our global cost leadership. Our strong balance sheet positions us well for the next phase of transformative growth," he added.

Pai said that key growth initiatives like the alumina refinery, copper smelter expansion, aluminium smelter expansion, and the FRP project are on track. "Our strong balance sheet positions us well for the next phase of transformative growth," he said.

Regarding the acquisition of Home Build Tec's fabrication facility, the Aditya Birla Group firm said the negotiations did not materialise, and talks have officially been closed.

The Board of Hindalco Industries has appointed Bharat Goenka as the Chief Financial Officer (CFO), effective April 1, 2025.

In the United States, its subsidiary Novelis posted a 9% decline in net income to $110 million.

Revenues from copper business in India grew by 15% to ₹13,732 crore.