Hindalco Industries' Record-Breaking Profit Surge

Hindalco Industries, an Aditya Birla Group firm, reported a 78% increase in net profit to Rs 3,909 crore for Q2 2024. This growth is attributed to strong operations, favorable market conditions, and effective cost management. Total income rose significantly, showcasing the company’s resilience and strategic efficiency.

Aditya Birla Group's flagship firm, Hindalco Industries, has announced a notable financial performance for the September 2024 quarter, revealing a 78% surge in net profit to Rs 3,909 crore. The impressive growth is attributed to robust operations and strategic cost management.

The company reported a net profit of Rs 2,196 crore for the same period last year, marking a significant improvement. This financial upswing coincides with a rise in total income, which increased to Rs 59,278 crore, up from Rs 54,632 crore.

Hindalco's Managing Director, Satish Pai, credited the company's strong operational reliability and cost management strategies as key factors driving this success. As a global leader in the aluminium and copper markets, Hindalco continues to cement its position as a powerhouse in the metals industry.

(With inputs from agencies.)