Aditya Birla Group company Hindalco Industries Ltd, on 10 November, announced its earnings for the July-September quarter of the current fiscal year. 

The company’s consolidated net profit remained flat during the quarter at Rs 2,196 crore from the same quarter of the previous fiscal year. However, on a standalone basis, the net profit skyrocketed by 54.6% year-on-year (YoY) to Rs 847 crore. 

The consolidated revenue of the company saw a dip of 3.5% YoY to Rs 54,169 crore for the quarter under review. 

The company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) during the quarter saw a 27.5% YoY increase to Rs 1,756 crore from Rs 1,377 crore reported in the year-ago quarter. The company’s EBITDA margin stood at 8.5% during the quarter. 

In its regulatory filing, the company said that it has maintained a strong balance sheet and liquidity with a net debt-to-EBITDA ratio well below 2 times that positions the company for organic growth.

Satish Pai, Managing Director, Hindalco Industries, said, “Hindalco continues to demonstrate Sustain-Ability, through a performance that is robust and consistent. We have maintained momentum driven by our focus on cost control and a solid performance by all our downstream segments.”

All the business segments of the company experienced improved performance on a sequential basis. Moreover, the copper segment achieved its highest quarterly EBITDA by 23% quarter-on-quarter increase to Rs 653 crore, driven by highest-ever metal shipments.