Hindalco announced Q2 Finance results in Net profit 60% down to 387 crores

Tuesday Hindalco announced Q2 Finance results in Net Profit 60% to 387 crores as against last year same quarter profit 974 crores.

Hindalco total revenue Rs.31,237 crores as against last year same quarter revenue 29,657 crores.

Earning Before Interest Taxes Deprecation and Amortization (EBITDA) Rs.5,171 crores as against last quarter Rs.3,918 crores. Margin grew to 16.5% year-on-year as against 13.2%

India Aluminum business EBITD grew 32% to Rs.1,066 crores.

The expansion in Brazil to support Novelis, beverage can business continues to progress with commission expected in FY22.

The Hindalco restart to the commissioning process at Noveli automotive finishing line expansion at Guthrie, Kentucky, and Changzhou, China shipments to begin in end -FY21 and early FY22 respectively.

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