Hindalco’s net profit rises 17% in Q3 FY18
Hindalco Industries Ltd., released standalone unaudited financial results for the quarter ended December 31, 2017. The company produced 323 thousand tonnes of aluminium in Q3 FY18. VAP (including Wire Rod) production stood at 123 thousand tonnes, up 3 per cent.
Hindalco’s revenue increased 18.4 per cent to INR 11,023 crore for December quarter, led by macro factors, volumes and by-product realisation. The company reported net profit of INR 376 crore for the quarter ended December 31, 2017.
EBITDA came in at INR 1,611 crore, an increase of 15 per cent compared to the previous year, driven by higher volumes in both businesses and supportive macros, partly offset by higher input costs.
Revenue from aluminium business increased to INR 5,323 crore, led by higher sales of aluminium and increased realisation. EBITDA increased 7 per cent YoY INR 940 crore, on the back of higher metal prices and volumes which mitigated the spiralling input costs, according to company.
Grow with
AL Circle
