Hindalco, the metals flagship company of the Aditya Birla Group’s consolidated Profit After Tax (PAT) surged and recorded at Rs 6,083 crore for fiscal 2018, up by a whopping 220% as against Rs 1,900 crore in fiscal 2017.
The company reported consolidated EBITDA at Rs 15,025 crore in fiscal 2018, up by 11% as against previous year.
The production of aluminum and copper rose at 1,291 Kt and 410 Kt respectively.
Revenue for the company’s India operations touched Rs 43,451 crore in fiscal 2018.
The aluminum revenue of the company, for fiscal 2018 touched Rs 21,089 crore, the reason behind the high revenue is the high volume of sales of Aluminium Metal, better realizations, and supportive macros.
Revenue from operations for the fourth quarter of 2018 declined by 1.15% and stood at Rs 11,681 crore as against Rs 11,817 crore in the fourth quarter of 2017.
The Profit After Tax for the fourth quarter of 2018 is Rs 616 crore as against Rs 546 crore, up by 12.82% in the fourth quarter of 2017.
Novelis
During fiscal 2018, Novelis sold approximately 50% of its ownership of its Ulsan facility in South Koran to Kobe Steel for $314 million. It has further announced plans to set up a 200 Kt automotive finishing facility in Guthrie, Kentucky, U.S.
The stocks of the company were trading at Rs 240.10 per piece down by 1.56% in BSE at 2:37 pm