Hindalco Industries Ltd Share Price – NSE /  BSE

Non Ferrous Metals, Mid Cap

Hindalco Industries Ltd is up for a third straight session today. The stock is quoting at Rs 659.15, up 1.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.57% on the day, quoting at 24282.7. The Sensex is at 80152.78, up 1.31%. Hindalco Industries Ltd has slipped around 4.87% in last one month.

Meanwhile, Nifty Metal index of which Hindalco Industries Ltd is a constituent, has slipped around 3.84% in last one month and is currently quoting at 8846.2, up 0.86% on the day. The volume in the stock stood at 20.74 lakh shares today, compared to the daily average of 70.68 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 654.45, up 0.54% on the day. Hindalco Industries Ltd is up 27.84% in last one year as compared to a 22.09% jump in NIFTY and a 27.43% jump in the Nifty Metal index.

The PE of the stock is 26.11 based on TTM earnings ending September 24.

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The growth in profitability was driven by a strong operational performance by the India business, favourable macros and prudent cost management.

Profit before exceptional item and tax stood at Rs 6,157 crore in the September 2024 quarter, up 92.53% YoY.

The firm reported an exceptional loss of Rs 514 crore during the quarter as against exceptional profit of Rs 33 crore posted in Q2 FY24.

EBTIDA grew by 49% YoY to Rs 9,100 crore in the quarter ended 30 September 2024.

Novelis’ revenue stood at $4.3 billion in Q2 of FY25, up 5% YoY, driven by higher average aluminium prices.

Novelis reported an adjusted EBITDA of $462 million in September 2024 quarter, down 5% YoY, due to less favourable metal benefit, unfavourable product mix, and $25 million flood impact at Sierre. The firm’s adjusted EBITDA per ton, at $502, down 3.28% YoY.

Novelis’ total shipments of flat rolled products were at 945 KT in Q2 FY25, up 1% YoY, led by record beverage packaging shipments.

Aluminium upstream revenue was at Rs 9,125 crore in Q2 FY25, up 16% YoY. Downstream revenue was Rs 3,161 crore in September 2024 quarter, up 20% YoY. Sales of Downstream Aluminium stood at 103 KT, up 10% YoY.

Revenue from the copper business stood at Rs 13,114 crore, up 5% YoY, on account of higher average copper prices. Copper metal sales were 117 Kt in Q2 of FY25, down 13% YoY. Copper continuous cast rod (CCR) sales were at 90 Kt in the second quarter of FY25; down 10% YoY.

Satish Pai, managing director, Hindalco Industries said, “Our India business delivered a strong operational performance in Q2 bolstered by our relentless focus on operational reliability and cost management. Consequently, our Aluminium India Upstream business reported an EBITDA per tonne of $1,349— the highest in the last 10 quarters and the best-in-industry globally. The Copper business achieved another record quarterly EBITDA.

Novelis’ global footprint allowed the company to achieve record beverage packaging shipments, partially offsetting the impact from the flooding-related outage at Sierre. During the quarter, we made significant progress across our growth projects in India Business and Novelis. Our company’s robust cash flow generation enabled us to maintain a consolidated net debt-to-EBITDA ratio below 1.2x.

Notably, Hindalco has been recognized as the World's Most Sustainable Aluminium Company for the fifth consecutive year in the S&P Global Corporate Sustainability Assessment rankings 2024, achieving a score of 87 out of 100—up 9 points from last year’s score, and our highest score till date. This achievement underscores our comprehensive approach to ESG, with dedicated efforts towards water positivity, zero waste to landfill, net-zero emissions, and preserving biodiversity.”

Hindalco Industries, the metals flagship of the Aditya Birla Group, is the world's largest aluminium rolling and recycling company, a major copper player, and one of Asia's largest producers of primary aluminium. In India, Hindalco's aluminium manufacturing units cover the complete value chain, from bauxite mining, alumina refining, coal mining, captive power generation and aluminium smelting, to downstream value-addition of aluminium rolling, extruding, and foil making.

Shares of Hindalco Industries rose 0.89% to Rs 661 on the BSE.

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Net profit of Hindalco Industries rose 78.01% to Rs 3909.00 crore in the quarter ended September 2024 as against Rs 2196.00 crore during the previous quarter ended September 2023. Sales rose 7.45% to Rs 58203.00 crore in the quarter ended September 2024 as against Rs 54169.00 crore during the previous quarter ended September 2023.

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Novelis stated that the current period’s net income includes $61 million in charges associated with the production interruptions at Sierre, as well as higher restructuring and impairment expense and lower operating performance, partially offset by a favorable change in metal price lag and unrealized derivatives year-over-year.

Net sales for the second quarter of fiscal year 2025 increased 5% versus the prior year period to $4.3 billion, mainly driven by higher average aluminum prices and a 1% increase in total flat rolled product shipments to 945 kilotonnes.

Adjusted EBITDA decreased 5% versus the prior year to $462 million in the second quarter of fiscal year 2025, primarily driven by less favorable metal benefit due to a relatively rapid increase in aluminum scrap prices, unfavorable product mix, and a $25 million impact at Sierre as a result of the flood. These factors were partially offset by higher beverage packaging shipments.

Adjusted EBITDA per tonne was down 6% year-over-year to $489.

Net cash flow provided by operating activities was $374 million in the first six months of fiscal year 2025 compared to $290 million in the prior fiscal year period, primarily due to favorable changes in working capital.

Novelis is a subsidiary of Hindalco Industries.

Hindalco Industries is an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai.

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