Hindalco Industries Q4 Results: Standalone profit falls 48% YoY to Rs 832 crore

Hindalco Industries Q4 Results: Standalone profit falls 48% YoY to Rs 832 crore

Hindalco Industries reported a 37 per cent year-on-year (YoY) drop in consolidated net profit or profit after tax (PAT) at Rs 2,411 crore. However, on a sequential basis, the profit jumped 77 per cent.

The consolidated revenue of Hindalco stood at Rs 55,857 crore, which was unchanged on a YoY basis but was up 5 per cent sequentially, the company said in its earnings release.

The consolidated revenue of the aluminium maker will come in at Rs 52,309 crore for the final three months period of FY23.

Hindalco’s consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) – a measure of the company’s overall financial performance – came in at Rs 5,818 crore, down 23 per cent YoY, and up 48 per cent QoQ.