Hindalco Industries reported a 75% rise in quarterly net profit, driven by robust pricing and improved业务 mix, but shares edged lower as investors remain cautious amid mixed market signals.
Hindalco Industries trimmed early gains on Monday even after reporting a sharp rise in quarterly profit, as investors weighed a strong earnings print against a modest dip in the share price. The Aditya Birla Group metal maker was trading 0.24% lower at ₹1,051.45 on the BSE after touching an intraday high of ₹1,065.10, according to market data cited in GoodReturns.
The company said net profit for the June quarter rose 75% year on year to ₹7,013 crore, helped by firmer pricing, a better domestic product mix, stronger by-product realisations and a lift from Novelis, its overseas aluminium subsidiary. Revenue from operations climbed 32% to ₹84,825 crore from a year earlier, underscoring a broad-based improvement in the business, according to figures reported by Moneycontrol and Business Standard.
Analysts remained constructive despite the softer share reaction. Motilal Oswal kept a “Buy” rating and set a target price of ₹1,220, saying the India business should stay strong and Novelis is expected to recover from the Oswego-related disruption that had raised costs. Emkay Global Financial Services also held an “Add” rating, with a target price of ₹1,150, while raising its earnings estimate for fiscal 2027 after including insurance recoveries, according to the brokerage notes quoted by GoodReturns.
Operationally, Hindalco’s upstream aluminium division was a key driver of the result, with EBITDA rising 36% to ₹73.9 billion, supported by an 11.6% sequential increase in aluminium prices and higher premiums. The company also reported higher revenue in its aluminium downstream and copper segments, adding to what brokers described as a strong quarter for the diversified metals producer.
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