Hindalco Industries Profit Rises 60% to Rs 3,735 Crore in Q3

Aditya Birla Group firm Hindalco Industries on Thursday posted a 60 per cent rise in consolidated net profit to Rs 3,735 crore in the December quarter aided by higher income.

It reported a net profit of Rs 2,331 crore in the year-ago period, the company said in an exchange filing.

The company's total income rose to Rs 58,899 crore from Rs 53,088 crore a year earlier.

Its expenses were at Rs 53,563 crore as against Rs 49,761 crore in the December quarter.

Sharing an update on the acquisition of fabrication facility of Home Build Tec, Hindalco Industries said the negotiations on the proposed acquisition did not materialise, and the transaction has officially been closed.

The board has appointed Bharat Goenka as the CFO with effect from April 1, 2025.

In a statement, the company's MD Satish Pai said, "Hindalco delivered robust consolidated results in the third quarter despite global uncertainties, driven by an excellent performance of its India business.

"During the quarter, we secured critical resources for our India upstream business, enhancing our global cost leadership. Our strong balance sheet positions us well for the next phase of transformative growth."

In the US, its subsidiary Novelis reported a 9 per cent fall in net income to USD 110 million.

In India, aluminium business reported a 25 per cent in upstream revenue at Rs 9,993 crore. While downstream also reported 25 per cent rise to Rs 3,195 crore in the December quarter.

Revenues from copper business rose 15 per cent to Rs 13,732 crore.

During the December quarter, the company secured Meenakshi coal mines with an annual capacity of 12 million tonnes, boosting resource securitisation.

Hindalco Industries is the metals flagship company of the Aditya Birla Group.

A USD 28-billion metals powerhouse, Hindalco is an industry leader in aluminium and copper.