On a consolidated basis, the net profit of Hindalco Industries reported Rs 2,205 crore in the second quarter of FY23 from Rs 3,417 crore in the second quarter of FY22. Revenue from operation stood at Rs 56,176 crore at 18 per cent year on year in Q2FY23.

EBITDA declined by 29 per cent to Rs 5,743 crore in Q2FY23 from Rs 8,045 crore recorded in Q2FY22.

Revenue from the company’s operation stood at $4.8 billion (vs $4.1 billion), up 17 per cent in Q2FY23 year on year. Total shipments of flat rolled products (FRPs) were at 984 Kt in the second quarter of FY23, up 2 per cent yearly. Novelis delivered another quarter with adjusted EBITDA per ton at over $500.

The scrip added 3.49 per cent in the recent trade at Rs 429.60. On the BSE, 7.45 lakh shares were traded compared to the daily average volumes of 3.20 lakh shares in the previous quarter.