Hindalco’s Q3 FY 22 Results, Get All Details Here!

5 August 2022
2 mins read
Hindalco’s Q3 FY 22 Results, Get All Details Here!

The aluminium producer Hindalco Industries Ltd. released its Quarter 3 results on 10 February 2022. This company saw a rise in net profits and revenue for the quarter ending December in FY 22, which left investors duly happy. Check out the details of the same below. Let’s start!

Key Highlights of Hindalco’s Q3 Results

Here are the key highlights of Hindalco’s quarter three results ending in December 2021.

  • Consolidated Net Profit

This company has reported in its 10 February 2022 Quarter 3 report that it has had a 96% year-on-year rise in consolidated net profits for the quarter ending in December. As a result, the final value for the consolidated net profit is Rs. 3,675 crores.

  • Consolidated Revenue from Operations

The consolidated revenue from operations for the third quarter of FY 2022 is Rs. 50,272 crores. This figure is a 44% on-year rise.

  • Operating Profit Growth

This company reported an operating profit growth of 38% on-year. Its value for the third quarter of FY 22 was Rs. 7,624 crores. Moreover, this company stated that the Indian aluminium business operations reported their operating profit of Rs. 3,376 crores. This number is up by 131%. However, operating margins shrunk by 15.16% when compared to last year’s 15.79%.

Bottom Line

In a statement by Hindalco Hindalco Industries Ltd., this company revealed that the superb results were due to consistent performance from Novelis and India Business. Moreover, it was supplemented by improved performance from a downstream business, favourable macros, and product mix.

The growth in the aluminium business was due to:

  • Favourable macros
  • Better operations
  • Higher volumes
  • Improved performance of the downstream business

Moreover, this company’s copper business in India also gave a strong performance. In the December quarter, the sales rose 67% on-year to Rs. 10,255 crores. This was because of higher volumes and prices.

Given these stellar reports, there will be good news for Hindalco investors.

Frequently Asked Questions

  1. What is the relationship between Novelis Corporation and Hindalco?

Ans. Novellis Corporation is Hindalco’s subsidiary.

  1. What was the growth in Novelis Corporation’s revenues?

Ans. Novelis’ reported a 33% growth in revenues. The value came up to $ 4.3 billion and a record-high operating profit of $506 million.

  1. What was the share price of Hindalco on 10 February 2022?

Ans. Shares of Hindalco were raised to 1.4% at Rs. 549.65 on the NSE (National Stock Exchange).

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.