The first quarter ended in June saw Hindalco report an all-time high quarterly consolidated net profit of 4,119 crore, up 48 per cent from the prior quarter. Its consolidated revenue increased by 40 per cent year over year to 58,018 crores from 41,358 crores (YoY).

According to the company, Novelis delivered an outstanding performance, and Copper and Aluminium Downstream businesses performed well as well, helped along by improved operational efficiency and higher volume. Due primarily to improved product prices, a favourable product mix, and recycling advantages, Novelis announced its best-ever quarterly EBITDA and EBITDA per tonne.

When compared to the same quarter a year prior, when Hindalco recorded EBITDA of 6,790 crore, it was up 27per cent to an all-time high of 8,640 crore. The company’s consolidated Net Debt to EBITDA ratio, which was 2.36x on June 30, 2021, was down to 1.40x on June 30, 2022.

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I’m happy to report that, despite growing input costs and inflationary pressures, we generated an even stronger first quarter after the fourth quarter’s record profitability. Strong operational savings and proactive sourcing of essential raw materials supported our performance, assuring steady operations and improved profitability. According to Satish Pai, managing director of Hindalco Industries, “Our business strategy supports our position as an integrated producer of aluminium with one of the finest EBITDA margins in the world.