
Aditya Birla Group flagship company Hindalco Industries announced results for the fourth quarter and year ended 31 March 2019. Hindalco’s consolidated revenue increased from INR1,15,820 crore in FY18 to INR 1,30,542 crore in FY19.
EBITDA stood at INR16,627 crore, up 11% year-on-year. This buoyant performance was driven by stable operations, supporting macros and improved efficiencies. Consolidated Profit After Tax rose 22% to INR5,495 crore in FY19.
{alcircleadd}
Hindalco Industries reported an increase in standalone revenue for FY19. Revenue from operations (including Utkal) stood at INR45,908 crore. EBITDA was at a record high of INR7,532 crore, up 5% YoY. “This spirited performance, despite a sharp rise in input costs, was on the back of stable operations, supporting macros and improved operational efficiencies.” Profit after Tax (PAT) for FY19 stood at INR 2,678 crore.
In Q4 FY19, revenue from operations stood at INR12,455 crore, up 7% YoY. EBITDA was at INR1,733 crore. PAT stood at Rs.506 crore, from INR616 crore in the same period last year. This was primarily due to weaker macros and higher input costs in the last quarter.
Revenue from its Indian Aluminium business for FY19 registered INR 23,775 crore compared to INR21,090 crore a year ago, on the back of stronger realisations and supportive macros. EBITDA stood at INR5,202 crore in FY19, up 9% YoY. This growth was driven by supporting macros, stable plant operations and improved efficiencies, offset by higher input costs in FY19.
In Q4 FY19, revenue from Indian aluminium business rose 8% YoY to INR5,953 crore. EBITDA stood at INR1,043 crore, down 18% YoY on LME and currency impact.
Hindalco achieved record aluminium production of 1.295 million tonnes. Alumina production (including Utkal) stood at 2.893 million tonnes in FY19. Aluminium value added products (VAPs) production, excluding wire rods, increased 5% to reach an all-time high of 321 thousand tonnes.
Satish Pai, Managing Director, Hindalco Industries said, “Our FY19 consolidated profits reached an all-time high inspite of a difficult business environment. This resilient performance reflects the strength of our integrated business model, excellent operational capabilities, stable operations and our enriched product portfolio.”
Novelis’ innovative products and customer centric approach helped it deliver its best-ever performance. In India, our increased focus on downstream is already showing encouraging results with record aluminium value added product volumes this year.”
“Going forward, we expect the impetus provided by India’s growth to boost demand for aluminium. Rising imports of aluminium and copper, however, pose a threat and we look forward to suitable steps to provide a level playing field.”
Responses







