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• Consolidated Business Segment EBITDA: Up 24% year-on-year at INR8,564 crores.

• Overall Reported EBITDA: Up 49% year-on-year at INR9,100 crores.

• Consolidated Net Profit After Tax: Up 78% year-on-year at INR3,909 crores.

• Hindalco India Business EBITDA: Up 100% year-on-year at INR5,139 crores.

• Hindalco India Net Profit After Tax: Up 135% year-on-year at INR2,850 crores.

• Consolidated Net Debt: INR36,033 crores.

• Net Debt to EBITDA Ratio: 1.19 times at the end of September 2024.

• Novelis Shipments: 945 KT, up 1% year-on-year.

• Novelis EBITDA: $452 million, down 5% year-on-year.

• India Upstream Aluminum EBITDA: Up 79% year-on-year at INR3,709 crores.

• India Downstream Aluminum Shipments: Up 10% year-on-year at 103 KT.

• India Downstream Aluminum EBITDA: Down 1% year-on-year at INR154 crores.

• Copper Business EBITDA: All-time high of INR829 crores, up 27% year-on-year.

• Warning! GuruFocus has detected 5 Warning Signs with BOM:500440.

Release Date: November 12, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Hindalco Industries Ltd (BOM:500440) retained its leadership position in the SMC Corporate Sustainability Assessment ranking for the fifth consecutive year with an improved score of 87 out of 100.

• The company achieved a significant milestone in recycling, with 79% of total waste generated being recycled and reused in Q2 FY25.

• Hindalco's consolidated business segment EBITDA increased by 24% year-on-year to INR8,564 crores, with overall reported EBITDA up 49% year-on-year at INR9,100 crores.

• The India aluminum business reported a 79% year-on-year increase in EBITDA, supported by lower input costs and favorable macroeconomic conditions.

• Hindalco's copper business delivered its best-ever performance with a quarterly EBITDA of INR829 crores, up 27% year-on-year due to operational efficiencies and higher byproduct realizations.

Negative Points

• Novelis' quarterly EBITDA decreased by 5% year-on-year due to reduced metal benefits from rising aluminum scrap prices and an unfavorable product mix.

• The aluminum specific GHG emissions remained flat compared to the same period last year, indicating a need for further improvement in emissions reduction.

• The LTIFR (Lost Time Injury Frequency Rate) was recorded at 0.29 in H1, higher compared to H1 of the last financial year, highlighting safety concerns.

• The India downstream aluminum EBITDA per tonne decreased by 11% year-on-year due to an unfavorable product mix.

• The global economic environment presents downside risks from increasing geopolitical tensions and financial market volatility, which could impact future performance.