Hindalco Industries Ltd. Q3 FY2024 results: revenue ₹52,808 crore, down 0.6% on the year

Hindalco Industries Ltd. (HINDALCO) reported consolidated revenue from operations of ₹52,808 crore for Q3 FY2024, the quarter ended 31 December 2023, down 0.6% on the same quarter a year earlier. Profit after tax was ₹2,331 crore, up 71.1% on the year, and earnings per share ₹10.50. The figures are the company's own, from the unaudited results it filed with NSE on 13 February 2024.

Revenue from operations₹52,808 croredown 0.6%

Profit after tax₹2,331 croreup 71.1%

EPS₹10.50

QuarterQ3 FY2024ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2024	Q2 FY2024	A year earlier	Change on the year
Revenue from operations	52,808	54,169	n/a	n/a
Other income	280	463	n/a	n/a
Total income	53,088	54,632	n/a	n/a
Cost of materials consumed	31,373	34,851	n/a	n/a
Purchases of stock-in-trade	704	257	n/a	n/a
Changes in inventories	157	-1,107	n/a	n/a
Employee benefit expense	3,845	3,648	n/a	n/a
Finance costs	944	1,034	n/a	n/a
Depreciation, depletion and amortisation	1,874	1,843	n/a	n/a
Other expenses	10,864	10,908	n/a	n/a
Total expenses	49,761	51,434	n/a	n/a
Profit before exceptional items and tax	3,327	3,198	n/a	n/a
Exceptional items	0	33	n/a	n/a
Profit before tax	3,327	3,231	n/a	n/a
Current tax	838	754	n/a	n/a
Deferred tax	159	281	n/a	n/a
Total tax	997	1,035	n/a	n/a
Profit after tax	2,331	2,196	n/a	n/a
Attributable to owners of the parent	2,331	2,196	n/a	n/a
Other comprehensive income	1,838	-757	n/a	n/a
Total comprehensive income	4,169	1,439	n/a	n/a
EPS, basic	₹10.50	₹9.88	n/a	n/a
EPS, diluted	₹10.49	₹9.87	n/a	n/a

₹ crore except per share.

Leverage, as the company states it

Line	Q3 FY2024	Q2 FY2024	A year earlier
Debt to equity	0.01	0.01	n/a
Debt service coverage	0.05	0.05	n/a
Interest service coverage	0.07	0.06	n/a

Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026	Q1 FY2027
Sales	54,169	52,808	55,994	57,013	58,203	58,390	64,890	64,232	66,058	66,521	78,133	84,825
Expenses	51,434	49,761	52,219	52,261	53,121	53,563	59,046	59,160	60,050	61,628	71,532	74,196
Operating profit	5,612	5,865	6,681	7,503	7,883	7,583	8,836	7,906	8,966	7,994	10,018	13,932
OPM %	10%	11%	12%	13%	14%	13%	14%	12%	14%	12%	13%	16%
Other income	463	280	362	424	1,075	509	700	602	713	549	1,025	1,057
Interest	1,034	944	888	859	869	817	874	754	803	881	1,042	966
Depreciation	1,843	1,874	2,018	1,892	1,932	1,939	2,118	2,080	2,155	2,220	2,375	2,337
Exceptional items	33	0	0	-330	-514	-41	6	0	-182	-2,610	-4,171	-2,299
Profit before tax	3,231	3,327	4,137	4,846	5,643	5,295	6,550	5,674	6,539	2,832	3,455	9,387
Tax %	32%	30%	23%	37%	31%	29%	19%	29%	28%	28%	25%	25%
Net profit	2,196	2,331	3,174	3,074	3,909	3,735	5,284	4,004	4,741	2,049	2,597	7,013
EPS in ₹	₹9.88	₹10.50	₹14.29	₹13.84	₹17.59	₹16.82	₹23.80	₹18.03	₹21.35	₹9.23	₹11.70	₹31.58
Filing	NSE	NSE	NSE	NSE	NSE	NSE	Filing	Filing	Filing	Filing	Filing	Filing

₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.

Source

Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 13 February 2024: the result statement. All of Hindalco Industries Ltd.'s results: NSE company page.

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