The company's consolidated PAT surged 783 per cent to
Key Highlights of Q3 FY21
All-time high Consolidated EBITDA at
All-time high Consolidated PAT at
Novelis quarterly Adjusted EBITDA at
Novelis quarterly Adjusted EBITDA per tonne at
Novelis Net Income from continuing operations at
All-time high quarterly India Business EBITDA at
All-time high quarterly Aluminium India EBITDA at
All-time high quarterly India Business PAT at
Consolidated Net Debt to EBITDA improved further to 1.93x as of
Hindalco to acquire Polycab's 100 per cent equity stake in
The results were driven by an exceptional performance by Novelis and India Business, supported by favourable macros, strategic product mix, higher volumes, and stability in operations. Novelis continued to report a high quarterly EBITDA, as a result of an upswing in demand for innovative and sustainable aluminium products, high recycled contents and an outstanding operational performance despite challenges in the automotive segment due to the global semiconductor chip shortage impacting the automotive industry.
Commenting on the results, Mr.
Our product-rich portfolio strategy continues to deliver results across diverse market scenarios. It encourages us to keep building the downstream asset base and expand our market footprint. The recent Ryker copper rod unit acquisition is in keeping with our downstream capex plans announced earlier this year. We also continue to push our ESG agenda and goals to meet our sustainability vision on net neutrality, water positivity, zero discharge and more.'
About
Guided by its purpose of building a greener, stronger, smarter world, Hindalco provides innovative solutions for a sustainable planet. Its wholly-owned subsidiary
Hindalco's copper facility in
Contac:
Email: hindalco@adityabirla.com
Web: www.hindalco.com
Disclaimer
Statements in this 'Media Release' describing the company's objectives, projections, estimates, expectations or predictions may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company's operations include global and Indian demand supply conditions, finished goods prices, feed stock availability and prices, cyclical demand and pricing in the company's principal markets, changes in Government regulations, tax regimes, economic developments within
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