Mumbai: Aditya Birla Group’s metals flagship Hindalco Industries Ltd clocked a 43% rise in standalone quarterly net profit to Rs413.53 crore, thanks to better realisations in its aluminium and copper businesses and improved operating efficiencies.

Revenue growth however remained flat at Rs10,698.68 crore in the three months ended June 30.

For the entirety of its India business, which includes the operations of wholly-owned refinery subsidiary Utkal Alumina, the company doubled its net profit to Rs734 crore from Rs364 crore a year earlier. India revenue stood at Rs10,670 crore while quarterly EBITDA rose 17% on-year to a record Rs1,951 crore.

“Operational efficiency, cost controls and taking advantage of good LME prices have led to our good performance," Satish Pai, Hindalco’s managing director, said in an interview on Friday. “We’re seeing strong demand from electrical, building and construction, auto and the packaging industries," he said.

Pai raised concerns about surge in low-cost imports of fake semis and wire rods from China and ASEAN nations, hitting demand for domestic primary metal.

The company achieved aluminium metal production of 323 KT in the June quarter. Alumina (including Utkal Alumina) output was marginally lower at 695 KT compared with 724 KT a year earlier.

Revenue from the copper business fell to Rs5,006 crore last quarter, from Rs5,403 a year earlier. This was because of lower volumes following a planned maintenance shutdown at one of the smelters during the quarter.

Revenue at Hindalco’s wholly-owned US subsidiary Novelis grew 16% to $3.1 billion on higher average aluminium prices, higher shipments and better product mix. The key growth stimulants were higher automotive sheet shipments, operating efficiencies, with higher recycled contents and better cost management, the company said.

Novelis’ net income surged 36% to $137 million in the June quarter, from $101 million a year earlier.

The company informed investors that work on the New Copper Continuous Cast Rod Plant (CCR-3) ramp up, Utkal Alumina’s brownfield capacity expansion of 500 Kt and Novelis’ plans of 200 KT expansion of automotive finishing facility in Kentucky, US, and 100 KT in Changzhou, China, are on schedule.

In July, Novelis signed a definitive pact to buy US-based Aleris Corp for an enterprise value of $2.58 billion. The deal will boost Novelis’ position in the auto segment and mark its entry into the high-end aerospace segment, the company said.