Latest news with #SatishPai
Time of India
26-05-2025
- Business
- Time of India
Hindalco eyes up to ₹8,000 crore in capex spending this fiscal
Aditya Birla Group 's metal flagship Hindalco Industries has set a capital expenditure target of about ₹7,500-₹8,00 crore for the current financial year, according to a regulatory filing. Hindalco Industries Managing Director Satish Pai, during a conference call post-announcement of Q4 earnings, said that this year's capex "guidance is about ₹7,500 crore to ₹8,000 crores". When asked about the capex guidance for the next financial year, Pai said: "I think the next year will be peak when we will start to have many of the upstream projects kicking in. But let me give you that guidance towards third quarter of this year when we know exactly what the cash out will be." The company's capital expenditure was ₹6,500 crore in the last financial year. "Last year we spent ₹6,500 crore, just for comparison," he said. The consolidated net profit of the company rose 66 per cent to ₹5,284 crore in the quarter ended March 2025, driven by a strong performance by Indian operations supported by favourable macroeconomic condition and lower inputs costs. The company had posted a consolidated PAT (profit after tax) or net profit at ₹3,174 crore in the year-ago period, Hindalco Industries said in a statement. The consolidated revenue from operations in the January-March quarter rose to ₹64,890 crore from ₹55,994 crore in the year-ago period. The consolidated PAT for the year-ended March 2025 rose to ₹16,002 crore from ₹10,155 crore recorded in FY24. Revenue from operations in the last fiscal increased to ₹2,38,496 crore compared to ₹2,15,962 crore in FY24. Hindalco, a USD 28-billion metal powerhouse, is the world's largest aluminium company by revenues, and the world's second largest copper rods manufacturer (outside China). Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world's largest recycler of aluminium.
&w=3840&q=100)
Business Standard
26-05-2025
- Business
- Business Standard
Hindalco eyes up to Rs 8,000 crore in capex spending this fiscal
Aditya Birla Group's metal flagship Hindalco Industries has set a capital expenditure target of about Rs 7,500-Rs 8,00 crore for the current financial year, according to a regulatory filing. Hindalco Industries Managing Director Satish Pai, during a conference call post-announcement of Q4 earnings, said that this year's capex "guidance is about Rs 7,500 crore to Rs 8,000 crores". When asked about the capex guidance for the next financial year, Pai said: "I think the next year will be peak when we will start to have many of the upstream projects kicking in. But let me give you that guidance towards third quarter of this year when we know exactly what the cash out will be." The company's capital expenditure was Rs 6,500 crore in the last financial year. "Last year we spent Rs 6,500 crore, just for comparison," he said. The consolidated net profit of the company rose 66 per cent to Rs 5,284 crore in the quarter ended March 2025, driven by a strong performance by Indian operations supported by favourable macroeconomic condition and lower inputs costs. The company had posted a consolidated PAT (profit after tax) or net profit at Rs 3,174 crore in the year-ago period, Hindalco Industries said in a statement. The consolidated revenue from operations in the January-March quarter rose to Rs 64,890 crore from Rs 55,994 crore in the year-ago period. The consolidated PAT for the year-ended March 2025 rose to Rs 16,002 crore from Rs 10,155 crore recorded in FY24. Revenue from operations in the last fiscal increased to Rs 2,38,496 crore compared to Rs 2,15,962 crore in FY24. Hindalco, a $28-billion metal powerhouse, is the world's largest aluminium company by revenues, and the world's second largest copper rods manufacturer (outside China). Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world's largest recycler of aluminium. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
26-05-2025
- Business
- Time of India
Hindalco eyes up to Rs 8,000 crore in capex spending this fiscal
Aditya Birla Group 's metal flagship Hindalco Industries has set a capital expenditure target of about Rs 7,500-Rs 8,00 crore for the current financial year, according to a regulatory filing. Hindalco Industries Managing Director Satish Pai, during a conference call post-announcement of Q4 earnings, said that this year's capex "guidance is about Rs 7,500 crore to Rs 8,000 crores". When asked about the capex guidance for the next financial year, Pai said: "I think the next year will be peak when we will start to have many of the upstream projects kicking in. But let me give you that guidance towards third quarter of this year when we know exactly what the cash out will be." The company's capital expenditure was Rs 6,500 crore in the last financial year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Calcule cuánto podría ganar invirtiendo $200 en Amazon CFD's y otras acciones de indetenible Undo "Last year we spent Rs 6,500 crore, just for comparison," he said. The consolidated net profit of the company rose 66 per cent to Rs 5,284 crore in the quarter ended March 2025, driven by a strong performance by Indian operations supported by favourable macroeconomic condition and lower inputs costs. Live Events The company had posted a consolidated PAT (profit after tax) or net profit at Rs 3,174 crore in the year-ago period, Hindalco Industries said in a statement. The consolidated revenue from operations in the January-March quarter rose to Rs 64,890 crore from Rs 55,994 crore in the year-ago period. The consolidated PAT for the year-ended March 2025 rose to Rs 16,002 crore from Rs 10,155 crore recorded in FY24. Revenue from operations in the last fiscal increased to Rs 2,38,496 crore compared to Rs 2,15,962 crore in FY24. Hindalco, a USD 28-billion metal powerhouse, is the world's largest aluminium company by revenues, and the world's second largest copper rods manufacturer (outside China). Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world's largest recycler of aluminium.
Hans India
21-05-2025
- Business
- Hans India
Hindalco Q4 net jumps 66% to Rs 5,284 crore
New Delhi: Aditya Birla Group's metal flagship Hindalco Industries on Tuesday said its consolidated net profit rose 66 per cent to Rs 5,284 crore in the quarter ended March 2025, driven by a strong performance by Indian operations supported by favourable macroeconomic condition and lower inputs costs. The company had posted a consolidated PAT (profit after tax) or net profit at Rs 3,174 crore in the year-ago period, Hindalco Industries said. The consolidated revenue from operations in the January-March quarter rose to Rs 64,890 crore from Rs 55,994 crore in the year-ago period. The consolidated PAT for the year-ended March 2025 rose to Rs 16,002 crore from Rs 10,155 crore recorded in FY24. Revenue from operations in the last fiscal increased to Rs 2,38,496 crore compared to Rs 2,15,962 crore in FY24. 'Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses,' company's Managing Director Satish Pai said. The company said its aluminium upstream business in India remained a strong anchor, complemented by robust growth in the downstream business. The copper business achieved a record EBITDA (earnings before interest, taxes, depreciation and amortisation) backed by strong value-added product sales. Despite tighter scrap spreads, Novelis delivered a resilient performance through increased beverage can shipments,' Pai said. Hindalco, he said, is poised to enter a phase of accelerated growth backed by robust resource security in bauxite and coal and strengthened by strategic investments across aluminium and copper. In a filing to BSE, the company said that the board has approved the acquisition of EMIL Mines and Mineral Resources Ltd (EMMRL), a wholly-owned subsidiary of Essel Mining & Industries Ltd. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world's largest recycler of aluminium.
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
₹8,000 crore India capex on cards for FY26: Hindalco's Satish Pai
Hindalco Industries, the metal flagship of Aditya Birla Group, posted a 66.4 per cent year-on-year jump in consolidated net profit to ₹5,283 crore for the quarter ended March 2025, buoyed up by easing input costs and strong performance in its India operations. Its Managing Director Satish Pai, in conversation with Roshni Shekhar and Dev Chatterjee in Mumbai, talks about the company's capital expenditure (capex) and the listing plans of Hindalco's US-based subsidiary, Novelis. Edited excerpts: Hindalco ended the January–March quarter (Q4) with better-than-expected results. What drove the company's profitability? Our strong upstream business remains a key contributor, but the diversified product mix is now adding sizeable value. We have specialty alumina, downstream aluminium, downstream copper, and even electric vehicle (EV) battery frame production — 10,000 units were just delivered in Chakan. In Q4, upstream performance was strong, and downstream growth layered on top of that. Looking ahead to 2025–26, we'll be commissioning a 160-kilotonne expansion in Odisha, fully wrapping up the Silvassa plant this year, and completing projects like the copper inner grooved tube plant in Baroda and the aluminium air-conditioning refill plant in Taloja. These value-added products will further enhance our results. With the stock markets turning around, what is the status of Novelis' initial public offering (IPO)? The current focus for Novelis is to complete its existing project and get it commissioned. We also aim to consistently achieve performance levels of $500 per tonne. Once we meet these two goals, we will consider moving ahead with the IPO. How will the US tariffs imposed by the Donald Trump administration impact Hindalco and Novelis' global operations? There's nothing new to add since the last update, as the tariff situation remains uncertain. For Hindalco India, there's no impact. As for Novelis, the impact is relatively neutral. However, we were hoping for a resolution between the US and Canada, especially since our Canadian plant exports about 80,000 tonnes of products to the US. The continued Canadian tariffs pose a potential negative if not resolved soon. What are Hindalco's capex plans in India and overseas? In India, we plan to spend around ₹8,000 crore in the ongoing financial year (2025–26). For Novelis, this will be a peak capex year with around $2.4 billion, mainly for the Bay Minette project. We also have investments lined up for upstream projects — alumina refinery, copper recycling, aluminium smelter expansion, and copper smelter — with a total investment plan of around ₹45,000 crore in these areas over the next few years. How is the demand outlook for Hindalco's products in India? Demand is strong across all segments. We see robust demand in sectors like industrial, electrification, and packaging. In the automotive sector, our focus is primarily on EVs, which are also performing well.
