Aditya Birla Group’s metals flagship Hindalco’s consolidated internet revenue for the March quarter (Q4FY21) practically tripled to Rs 1,928 crore over the past yr, primarily on account of sturdy efficiency by Novelis and India Aluminium Enterprise, supported by greater volumes and higher product combine. It was Rs 668 crore within the corresponding quarter of the pervious yr (Q4FY20).
Sequentially, the revenue rose 3 per cent from Rs 1,877 crore within the December quarter (Q3FY21). The India enterprise Revenue After Tax (PAT) got here in at Rs 653 crore, up 72 per cent YoY and 32 per cent sequentially.
Income from operations got here in at Rs 40,507 crore for the quarter underneath overview, a rise of 38 per cent from Rs 29,318 crore in the identical interval final yr.
“Novelis reported an all-time excessive EBITDA, because of continued demand for modern, sustainable aluminium options and excellent operational efficiency throughout its expanded enterprise,” the corporate stated in a submitting.
Commenting on the outcomes, Satish Pai, Managing Director of Hindalco stated: “This previous yr, with all its volatility and uncertainty, has underscored Hindalco’s resilience and skill to cope with challenges. Our file Q4 results have strengthened our stability sheet even additional, absorbing the Aleris acquisition and restoring consolidated internet debt to EBITDA ratio to pre-acquisition ranges. The Aleris enterprise continues to positively impression the general high line and EBITDA.”
Hindalco’s board has really useful a dividend Rs 3 share for FY21.
Hindalco’s inventory was up over 1 per cent in afternoon commerce at Rs 389.85 on NSE.