Hindalco Industries Q3 Results 2023: Metal major Hindalco Industries Limited on Thursday reported a consolidated net profit of Rs1,362 crore for the quarter ended 31 December 2023, down 63 per cent year-on-year despite a 6 per cent YoY jump in Rs 53,151 crore.  The results were announced during market hours.

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Hindalco shares were trading at Rs 445.40, up by Rs 8.90 or 2.04 per cent.

Hindalco Q3 Results 2023 Highlights

-- Consolidated revenue at ₹53,151 crore, up 6% YoY ▪ Quarterly 

-- Quarterly consolidated EBITDA at ₹3,930 crore, down 48% YoY

-- Record total shipments of India primary aluminium at 349Kt (vs 345Kt) up 1% YoY

-- Aluminium Upstream EBITDA at ₹1,591 crore with EBITDA margins at 19.8%

-- Aluminium Downstream EBITDA at ₹157 crore, up 24% YoY; EBITDA per ton at $210, up 7% YoY

-- Quarterly Copper EBITDA at ₹546 crore, up 40% YoY; All-time high copper rod sales at 88 Kt, up 24% YoY

-- Novelis Adjusted EBITDA* at $341 million ($506 million) down 33% YoY

-- Consolidated Net Debt to EBITDA at 1.60x as of December 31, 2022 vs 1.62x as of December 31, 2021

-- Hindalco in S&P Global Sustainability Yearbook 2023 for the second consecutive year