Hindalco Industries Ltd, India’s leading metals company, reported a 10% year-on-year increase in standalone net profit for the March quarter (Q4 FY24), reaching ₹1,561 crore. This improvement was largely attributed to robust operational performance in its aluminium and copper segments, which benefited from supportive macroeconomic factors and a consistent decline in input costs. In the same quarter last year, the company had recorded a net profit of ₹1,412 crore.
The board of Hindalco also declared a final dividend of ₹5 per equity share for the financial year ended March 2024, reinforcing its commitment to shareholder returns. The announcement was made as part of the company’s regulatory filing to the stock exchanges on May 30.
Highlights:
Standalone net profit for Q4 FY24 rose 10% to ₹1,561 crore.
₹5 per share final dividend announced for FY24.
Profit growth driven by strong aluminium and copper business segments.
Revenue from Operations Rises 13% on Strong Domestic Business Momentum
Hindalco’s standalone revenue from operations for the fourth quarter stood at ₹25,116 crore, marking a 13% increase from the year-ago period. This rise was underpinned by solid demand recovery and improved realizations in both aluminium and copper sectors. Lower energy costs and better operational efficiencies contributed to margin expansion during the quarter, while domestic demand remained resilient across key end-use sectors such as construction, automotive, and electricals.
The company’s Indian operations, which include primary aluminium production, downstream aluminium products, and copper smelting, remained a cornerstone of its profitability and revenue base in the quarter.
Highlights:
Q4 standalone revenue grew 13% YoY to ₹25,116 crore.
Demand recovery across end-use sectors bolstered topline.
Operational efficiencies and lower costs enhanced margins.
Consolidated Net Profit Soars 66% to ₹5,283 Crore on Global Strength
On a consolidated basis, Hindalco’s net profit surged 66% year-on-year to ₹5,283 crore for Q4 FY24, driven by improved performance across its global businesses including Novelis, its US-based subsidiary. Consolidated revenue rose to ₹64,890 crore, up from ₹55,994 crore a year earlier, reflecting stronger volume growth and value-added product sales.
The sharp improvement in consolidated profitability was primarily attributed to strategic cost controls, enhanced recycling initiatives, and a shift towards premium product segments in international markets. Novelis, which contributes significantly to Hindalco’s global earnings, saw steady demand in the beverage cans and automotive segments, supported by sustainability-driven buying patterns.
Highlights:
Consolidated net profit rose 66% YoY to ₹5,283 crore in Q4 FY24.
Consolidated revenue grew to ₹64,890 crore from ₹55,994 crore.
Novelis and international operations delivered strong earnings momentum.
Dividend Declaration Reflects Robust Balance Sheet and Positive Outlook
The company’s decision to declare a ₹5 per share dividend highlights its strong balance sheet and healthy cash generation capabilities. With a focus on disciplined capital allocation, Hindalco continues to maintain a stable leverage profile while investing in growth-oriented projects across both domestic and international markets.
The dividend announcement comes at a time when commodity companies are generally cautious due to fluctuating global metal prices and currency volatility. Hindalco’s management, however, expressed confidence in its long-term growth trajectory, supported by favorable domestic policy environment and expansion projects under execution.
Highlights:
₹5/share dividend showcases cash generation and financial stability.
Disciplined capital allocation strategy maintained amid market volatility.
Growth investments continue in both Indian and global operations.
Positive Outlook for Aluminium and Copper Segments in FY25
With demand conditions stabilizing and input costs easing, Hindalco expects continued strength in its aluminium and copper verticals going into FY25. The Indian government’s infrastructure push, along with rising consumption in sectors such as EVs, renewable energy, and housing, is expected to fuel domestic demand for aluminium products.
In copper, higher downstream product demand and steady concentrate availability are likely to keep volumes strong. Hindalco’s integrated operations provide it with a competitive edge in maintaining cost leadership and product quality.
Highlights:
Aluminium demand expected to rise on infrastructure and EV momentum.
Copper segment poised for steady growth amid downstream demand.
Hindalco maintains competitive edge through vertical integration.
