Hindalco Neutral-to-Positive

Fundamental Highlights Net Profit rose 66% YoY to ₹5,284 Cr — a strong beat vs market expectations. Revenue up 16% YoY to ₹64,890 Cr, driven by strong aluminium realizations. EBITDA surged 43% YoY, with aluminium segment EBITDA spiking 79% YoY, though copper EBITDA declined 21% due to supply constraints. Net Debt reduced to ₹35,332 Cr from ₹41,818 Cr — indicating improving financial health. Announced ₹45,000 Cr Capex Plan over 3–4 years — supports long-term capacity growth. Dividend of ₹5/share highlights strong shareholder confidence and liquidity position. Coal block acquisition secures future raw material supply, aiding margin stability.