Hindalco Q1 Profit Increases By 48% At Hindalco Industries To Rs 4,119 Billion

On the strength of significant operational efficiencies, Hindalco Industries Ltd. reported on Wednesday a 47.7% increase in consolidated profit after tax (PAT) at Rs 4,119 crore for the quarter ended June 30.

According to a regulatory filing by Hindalco Industries, the metals division of the Aditya Birla Group, the business reported a consolidated PAT of Rs 2,787 crore in the prior-year quarter. The company's operating revenue for the months of April through June climbed to Rs 58,018 crore from Rs 41,358 crore in the same period last year.

Satish Pai, the company's managing director, said, "Our achievement was backed by great operational efficiencies and pre-emptive sourcing of crucial raw material, assuring stable operations and higher profits." Pai claimed that despite increased input costs and inflationary pressures, the company produced a stronger first quarter.

The company's income from the copper division climbed by 48% in the first quarter to Rs 10,529 crore, mostly due to higher volumes and higher global copper prices.