Hindalco Share Price Dips 0.84% Ahead of Q2 FY 2025 Financial Results

On November 11, 2024, Hindalco share price opened at ₹647.45, down from its previous close of ₹650.45. At 10:06 AM, the share price of Hindalco was trading at ₹645.00, down by 0.84%.

On Monday, Hindalco share price gains the spotlight ahead of the financial results for the quarter and half-year ended September 30, 2024. The board of directors at Hindalco is scheduled to meet on November 11 to approve the unaudited consolidated and standalone financial results. This announcement is highly anticipated by investors and analysts, as it is expected to provide a detailed outlook on the company’s performance during the period. 

Hindalco’s Subsidiary, Novelis Inc.’s Financial Results

Earlier in November 2024, Hindalco’s subsidiary, Novelis Inc., released its financial results for Q2 FY25. The company saw a 5% year-over-year (YoY) increase in net sales, reaching $4.3 billion. However, its adjusted EBITDA showed a decline of 5%, falling to $462 million. This has raised some concerns, but the overall performance of Hindalco’s core operations continues to be strong.

Previous Quarter (Q1 FY 2025) Financial Results 

In Q1 FY 2025, Hindalco’s consolidated EBITDA grew by 31% YoY to ₹7,992 crore. The aluminium upstream segment saw a massive 81% YoY increase in EBITDA, reaching ₹3,493 crore, with margins standing at an industry-leading 40%. Copper’s performance was equally strong, with EBITDA reaching an all-time high of ₹805 crore, up 52% YoY.

Additionally, the company’s net debt to EBITDA ratio improved significantly, dropping to 1.24x as of June 30, 2024, from 1.73x in the previous year. Hindalco’s consolidated profit after tax (PAT) also increased by 25% YoY to ₹3,074 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.