Hindalco Industries News

Companies

Hindalco takes its crown jewel to the public

Novelis, owned 100% by Hindalco, has confidentially filed papers with the US SEC

2 min read21 Feb 2024
Companies

Hindalco Industries Q3 FY24 Results Live: Profit Rises by 71.15% YoY

Hindalco Industries Q3 FY24 Results Live: Revenue decreased by 0.65% YoY & profit increased by 71.15% YoY

1 min read15 Feb 2024
Companies

Q3 result preview: Steel cos' margins may contract on higher input costs, says Axis Securities; picks Tata Steel

Q3FY24 Preview: Axis Securities anticipates base metal stocks to perform better this quarter and expects a slight margin contraction for steel companies. Top picks of Axis Securities include APL Apollo tubes, Hindalco, JTL Industries, Tata Steel, and Coal India.

1 min read9 Jan 2024
Markets

Hindalco Stock Check: At its 52-week high today, is the metal stock a ‘buy’ at this juncture?

The stock has marginally outperformed its benchmark index in 2023 YTD, gaining over 15 percent as against a 13 percent rise in Nifty Metal. It has given positive returns in 7 of the 12 months so far this year.

7 min read14 Dec 2023
Markets

Hindalco share price gains 2% post Q2 results; brokerages express mixed views

Hindalco Industries reported in-line profit for Q2 and brokerages have mixed views on earnings. Nuvama Institutional Equities maintains 'Hold' with a target price of ₹552, while Motilal Oswal Financial Services reiterates 'Buy' with a target price of ₹580.

4 min read13 Nov 2023
Markets

Brokerages reiterate bullish bets on Hindalco shares after Q1 results; Should you buy?

On a consolidated basis, Hindalco Industries' net profit fell 40.4% on-year to ₹2,454 crore, while revenue from operations declined nearly 9% YoY to ₹52,991 crore.

3 min read9 Aug 2023
Companies

Hindalco Industries Q1 Results: Standalone net profit drops 58% to ₹600 crore; revenue rises 2% YoY

Hindalco Industries’ subsidiary Novelis’ Q1 revenue fell 14.4% to ₹33,606 crore from ₹39,289 crore, while its EBITDA declined 20.3% to ₹3,456 crore from ₹4,334 crore, YoY.

2 min read8 Aug 2023
Markets

Hindalco Industries Q4FY23 Results: Net profit down 37% at ₹2,411 crore; declares dividend

Hindalco Industries Q4FY23 Results: The company on Wednesday reported an 37% year-on-year fall in its consolidated net profit (attributable to owners of the company) for the fiscal's fourth quarter ended March (Q4FY23) to ₹2,411 crore.

2 min read24 May 2023
Markets

Upcoming Q4 results: LIC, ONGC, Nykaa, Vodafone Idea, Ashok Leyland among others to watch out this week

As we inch closer to the last phase of earnings season, several big firms are still left to announce their Q4 results. This week, LIC, ONGC, Nykaa, Vodafone Idea, Ashok Leyland, Sun Pharma, Mahindra, Grasim, Zee Entertainment Enterprise, Hindalco, Shree Cement, etc will announce their Q4 earnings

5 min read21 May 2023
Markets

Novelis net income dips 27% YoY to $156 mn in Q4; is Hindalco stock price attractive post quarter numbers?

Hindalco-backed Novelis posted its fourth quarter numbers, in line with estimates. Net income declined by 27% YoY due to lower adjusted EBITDA, higher restructuring, interest expense and favorable metal price lag.

4 min read10 May 2023
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