Hindalco Industries

Hindalco's stock closed flat at Rs 403.35 apiece on the BSE on Wednesday

Novelis' total shipments of flat-rolled products were at 908 Kt (kilo tonnes) in the October-December period, declining 2 per cent from 930 Kt in the corresponding period a year ago

Hindalco Industries, the Aditya Birla Group metals flagship, on Thursday posted a 62.9 per cent decline in consolidated profit after tax at Rs 1,362 crore for the quarter ended December 31, 2022 mainly due to elevated input costs, unfavourable macros and inflationary impacts. The company had posted consolidated Profit After Tax (PAT) of Rs 3,675 crore in the year-ago period, Hindalco said in a regulatory filing. "Consolidated PAT in Q3 FY23 was at Rs 1,362 crore compared to Rs 3,675 crore in Q3 FY22, a decline of 63 per cent YoY (Year-on-Year)," the company said in a statement. However, the revenue from operations in the third quarter increased to Rs 53,151 crore, over Rs 50,272 crore a year ago, the filing said. "Though the India aluminium upstream business EBITDA came under pressure from the surge in input costs and lower realisations, this was partially offset by higher volumes. The India aluminium downstream business segment delivered a higher EBITDA YoY, due to higher volumes

Hindalco's subsidiary Novelis as well as the aluminium division of Vedanta have trimmed guidance by 30-40 per cent for the year

Consolidated earnings before interest tax depreciation and amortisation (Ebitda) declined by 29 per cent YoY in Q2 to Rs 5,743 crore on higher input costs

Hindalco Industries Ltd on Friday reported 35.4 per cent decline in consolidated profit after tax at Rs 2,205 crore for the quarter ended September mainly due to elevated input costs. The company, part of the Aditya Birla Group, had posted a consolidated profit after tax of Rs 3,417 crore in the year-ago period, Hindalco Industries said in a filing to BSE. However, the consolidated revenue from operations in the second quarter of the current fiscal increased to Rs 56,176 crore from Rs 47,665 crore in the year-ago period. "Hindalco Industries... reported consolidated revenue of Rs 56,176 crore in Q2 FY23, an increase of 18 per cent Y-o-Y, driven by higher volumes and better realisations," the company said in a statement. The company reported an EBITDA of Rs 5,743 crore in the second quarter, down 29 per cent compared to the year-ago period, impacted by rising input costs and unfavourable macros. This was partially offset by better operational performance of copper and downstream ..

As per reports, Novelis has also lowered its capital expenditure (capex) outlook for FY23 to a range of $900 million- $1 billion from the previously guided $1.3-1.6 billion

Lockdowns in China, energy shortages in Europe and tightening interest rates may have an impact on production, leading to lower supply

The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.

Hindalco Industries Chairman Kumar Mangalam Birla on Tuesday said the company has earmarked a total capital expenditure of about USD 8 billion over the next five years in its arm Novelis and India. Novelis has found potential investment opportunities of USD 4.5 billion. Birla was speaking at the Hindalco's AGM. He said the company has identified potential investment opportunities of nearly USD 3 billion in India. Birla further said that 70 per cent of the company's consolidated cash flows will be allocated towards high-growth downstream segments , including EVs, mobility, batteries and Consumer durables. "On the back of solid financial performance and a strong balance sheet, your company is well-positioned to drive a new wave of transformational growth fuelled by organic expansion." The company plans to achieve a renewable capacity of 300 MW by FY'25, including 100 mw solar power capacity with hybrid storage.

Margin recovery expected in the second half of FY23

Company shares closed trade on the BSE at Rs 407.75 apiece, up 2.75 per cent over the previous day's close.

In Q4, Novelis reported 15 per cent YoY decline in adjusted EBITDA at $431 million primarily due to short-term operational cost challenges.

The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently

The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower

Birla-owned Hindalco Industries will invest the amount mainly across its businesses in India and North America

Paytm is likely to be in focus after RBI's ban on fresh onboarding of customers to its arm Paytm Payments Bank with immediate effect over the weekend.

The company said that it reported its highest net profit in Q3 FY22, surpassing all previous quarterly performances

Consolidated revenue from operations rose 44% to Rs 50,272 cr

Firm prices, deleveraging, and supply cuts by peers among triggers