Latest news with #HindalcoIndustriesLimited
Business Insider
4 days ago
- Business
- Business Insider
J.P. Morgan Remains a Hold on Steel Authority of India Limited (SAIL)
J.P. Morgan analyst Vibhav Zutshi maintained a Hold rating on Steel Authority of India Limited (SAIL – Research Report) today and set a price target of INR120.00. The company's shares closed today at INR129.18. Confident Investing Starts Here: Zutshi covers the Basic Materials sector, focusing on stocks such as Hindalco Industries Limited, JSW Steel Limited, and NMDC Limited. According to TipRanks, Zutshi has an average return of 4.4% and a 71.43% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Steel Authority of India Limited with a INR100.00 average price target.
Time of India
20-05-2025
- Business
- Time of India
Hindalco Industries Q4 net profit jumps 66% to ₹5,283 crore
The Aditya Birla Group 's metals flagship firm, Hindalco Industries Limited, reported its fourth quarter fiscal results on Tuesday, reporting a 66 per cent year-on-year (YoY) growth in net profit to ₹5,283 crore, compared to ₹3,174 crore in the same period last year. According to the company's statement, the growth was largely fueled by robust performance from its Indian operations, supported by favourable market conditions and reduced input costs. For the full fiscal year (FY25), the company's consolidated net profit jumped 57.57 per cent to ₹16,001 crore. "Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses. Our Aluminium Upstream business in India remained a strong anchor, complemented by robust growth in the downstream business. The copper business achieved a record EBITDA backed by strong value-added product sales," said Satish Pai, Managing Director, Hindalco Industries. Segment-wise performance Despite some headwinds, Novelis demonstrated resilient performance with strong shipments in both Q4 and the full year, primarily driven by robust demand for beverage packaging. Shipments for Q4 FY25 were 957 KT, up 1 per cent year-on-year, with revenue reaching $4.6 billion, a 13 per cent increase driven by higher average aluminium prices. Adjusted EBITDA for Novelis stood at $473 million. Revenue from Aluminum India's upstream business recorded an exceptional quarter with revenue at ₹10,311 crore, up 22 per cent year-on-year. Aluminium upstream EBITDA rose by 79 per cent to ₹4,838 crore, primarily due to lower input costs and favourable macros. Sales from Aluminium India downstream business were flat year-on-year at 105 KT, but revenue increased by 23 per cent to ₹3,595 crore. On the other hand, Copper metal sales remained flat year-on-year at 135 KT. Revenue for the segment was ₹14,565 crore, up 8 per cent. The Copper Tubes project is in the commissioning phase, and the copper recycling project is progressing on schedule, the company's statement said.
