Hindalco Industries announced the cessation of Kailash Nath Bhandari [DIN: 00026078] as an Independent Director of the company with effect from 29 August 2024. Powered by Capital Market - Live

Hindalco Industries announced the retirement of Askaran Agarwala as a Director of the company effective 22 August 2024.Powered by Capital Market - Live

Hindalco Industries Ltd is up for a fifth straight session today. The stock is quoting at Rs 694.95, up 3.28% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 24726.7. The Sensex is at 80745.92, down 0.07%. Hindalco Industries Ltd has gained around 3.37% in last one month. Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has gained around 0.44% in last one month and is currently quoting at 9204.65, up 1.14% on the day. The volume in the stock stood at 47.59 lakh shares today, compared to the daily average of 68.11 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 692.65, up 2.97% on the day. Hindalco Industries Ltd is up 54.31% in last one year as compared to a 27.48% jump in NIFTY and a 40.32% jump in the Nifty Metal index.The PE of the stock is 33.26 based on TTM earnings ending June 24.Powered by Capital Market - Live

Hindalco Industries Ltd rose for a third straight session today. The stock is quoting at Rs 654.7, up 3.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 24574.45. The Sensex is at 80465.57, up 0.04%. Hindalco Industries Ltd has dropped around 2.62% in last one month. Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has dropped around 2.68% in last one month and is currently quoting at 8994.1, up 1.18% on the day. The volume in the stock stood at 53.83 lakh shares today, compared to the daily average of 64.86 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 655, up 2.96% on the day. Hindalco Industries Ltd is up 45.68% in last one year as compared to a 26.71% gain in NIFTY and a 38.33% gain in the Nifty Metal index.The PE of the stock is 31.36 based on TTM earnings ending June 24.Powered by Capital Market - Live

The growth in net profit was supported by favourable macros, operational efficiencies and lower input costs. Revenue from operations rose 7.59% year on year (YoY) to Rs 57,013 crore in the quarter ended 30 June 2024. Profit before exceptional item and tax stood at Rs 5,178 crore in the June 2024 quarter, up 55.54% YoY. The firm reported an exceptional loss of Rs 330 crore during the quarter as against exceptional loss of Rs 12 crore posted in Q1 FY24. EBTIDA grew by 30.82% YoY to Rs 7,992 crore in the quarter ended 30 June 2024, driven by lower input costs and higher volumes. Novelis' revenue stood at $4.2 billion in Q1 FY25, up 2% YoY, driven by higher average aluminium prices YoY and higher shipments. Novelis reported an adjusted EBITDA of $500 million in June 2024 quarter, up 19% YoY, supported by higher shipments and favourable product pricing. The firm's adjusted EBITDA per ton, at $540, was up 25% YoY. Novelis' total shipments of flat rolled products were at 951 KT in Q1 FY25 vs 879 KT in Q1 FY24, up 8% YoY, supported by normalised demand for beverage packaging sheet. Aluminium upstream revenue was at Rs 8,839 crore in Q1 FY25, up 9.61% from Rs 8,064 crore in Q1 FY24. Downstream revenue was Rs 2,868 crore in June 2024 quarter, up 17.78% YoY. Sales of Downstream Aluminium stood at 96 KT as compared to 81 KT in Q1 FY24, up 18.52% YoY. Revenue from the copper business stood at Rs 13,292 crore, up 16% YoY, on account of higher shipments and realisation. Copper metal sales were 119 Kt in Q1 FY25 as compared to 118 Kt posted in Q1 FY24. Copper continuous cast rod (CCR) sales were at 100 Kt in the first quarter of FY25; up 2% YoY in line with growing market demand for value added products. Satish Pai, managing director, Hindalco Industries said, 'Our strong Q1 results ride on the back of consistent operational excellence and cost optimization which allowed us to leverage the higher average metal prices. The Copper business achieved its highest quarterly EBITDA driven by high domestic sales (especially downstream products), healthy by-product credits and better operational efficiencies following a successful planned shutdown. The Aluminium India Upstream business recorded an 81% growth in EBITDA over the previous year. At 40%, it has registered the highest EBITDA margins globally. Novelis' EBITDA per tonne at $525, was up 10% YoY, primarily due to increased volumes led by normalized beverage can shipments. Looking ahead, the major capital formation phase of the downstream business is near completion, and from here on, we will explore growth opportunities in the upstream business given our strong cash position.' Hindalco Industries, the metals flagship of the Aditya Birla Group, is the world's largest aluminium rolling and recycling company, a major copper player, and one of Asia's largest producers of primary aluminium. In India, Hindalco's aluminium manufacturing units cover the complete value chain, from bauxite mining, alumina refining, coal mining, captive power generation and aluminium smelting, to downstream value-addition of aluminium rolling, extruding, and foil making. Shares of Hindalco Industries shed 1.33% to close at Rs 621.15 on the BSE. Powered by Capital Market - Live

The Board of Hindalco Industries at its meeting held today, inducted Ananya Birla and Aryaman Vikram Birla as Directors. Ananya Birla and Aryaman Vikram Birla joined the boards of the Group's flagship companies, Grasim Industries and Aditya Birla Fashion and Retail, in 2023. They were also appointed as Directors on the board of Aditya Birla Management Corporation, the apex body responsible for providing strategic direction to the Aditya Birla Group's businesses. Powered by Capital Market - Live

Net profit of Hindalco Industries rose 25.26% to Rs 3074.00 crore in the quarter ended June 2024 as against Rs 2454.00 crore during the previous quarter ended June 2023. Sales rose 7.59% to Rs 57013.00 crore in the quarter ended June 2024 as against Rs 52991.00 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales57013.0052991.00 8 OPM %13.1610.78 - PBDT7070.005115.00 38 PBT5178.003329.00 56 NP3074.002454.00 25 Powered by Capital Market - Live