Shares of Hindalco Industries Ltd were trading in the green and 2% higher on 12 November after the company announced its quarterly earnings for July-September. 

The metal flagship company of the Aditya Birla Group reported a 78.01% year-on-year (YoY) increase in its consolidated net profit to Rs 3,909 crore for the quarter under review from Rs 2,196 crore reported in the same quarter of the previous fiscal year. 

Revenue from operations of the company stood at Rs 58,203 crore, marking a 7.4% YoY increase from Rs 54,169 crore reported in the same quarter last year. 

The total expenses of the company grew by 3.2% YoY to Rs 53,121 crore. 

Segment-wise performance: 

• Aluminium Downstream segment revenue grew to Rs 3,161 crore. 
• Novelis, the company’s US subsidiary, reported revenue of Rs 35,975 crore, marking a 5.93% YoY increase. 
• The copper Segment of the company reported a revenue growth of Rs 13,114 crore. 
• Aluminium Upstream segment revenue grew to Rs 9,125 crore. 

Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, is a leading player in the global aluminium and copper industries. It stands as the world’s largest producer of flat-rolled aluminium products and the foremost recycler of aluminium. In India, Hindalco is among the largest producers of primary aluminium, with operations encompassing the entire value chain. 

At 12:38 pm, the shares of Hindalco Industries were trading 0.78% higher at Rs 660.45 on NSE.

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