Hindalco Reported Better Than Expected Set Of Numbers | ET Now | Latest News

Hindalco reported better than expected set of numbers. Revenues grew QoQ basis versus expectation of sequential contraction. Margins came in at 15%; contraction of 200 bps - but lower than expected. Company reported Profit of Rs 1448 cr this Q; down 10% QoQ. Aluminium-upstream EBITDA at ₹3,272 crore (vs ₹2,317 crore) up 41% YoY; EBITDA per ton at $1,274 in Q1FY23 (vs $966/ton); up 32% YoY and EBITDA margin of 38% (vs 38%) YoY. Copper- Record EBITDA at ₹565 crore (₹261 crore) up 116% YoY on the back of higher volumes, better operational efficiencies and improved by-product realizations.Read More