Hindalco Industries Q4 Results 2022: PAT up 100% YoY at Rs 3851 cr; company declares FY22 dividend at Rs 4 per share

Hindalco Industries Q4 Results 2022: Hindalco Industries Limited reported a consolidated fourth quarter net profit at Rs 3851 cr on Thursday which was up 100 per cent Year-on-Year (YoY), the company said in its filing to the stock exchange.  

The consolidated full year FY22 net profit jumped four times to Rs 13,730 cr, the company said.  

The company Board also recommended a dividend of Rs 4 per share for FY22 as against Rs 3/share for FY21, the exchange filing said.

Hindalco Industries shares today ended at Rs 407.80 on the NSE and were up nearly 3 per cent from the Wednesday closing price.

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Hindalco Industries Q4 Results 2022: Key Highlights

1. All-time high Consolidated PAT at Rs 3,851 cr, up 100 per cent YoY
2. Consolidated EBITDA at Rs 7,597 cr, up 30 per cent YoY
3. Novelis Net Income from continuing operations stood at USD 217 million, up 21 per cent YoY
4. All-time high quarterly Aluminium India EBITDA at Rs 4,050 cr, up 123 per cent YoY
5. EBITDA margins of 41 per cent

Key Highlights of FY22 vs FY21)

1. Consolidated EBITDA at Rs 30,056 cr, up 59 per cent; margin at 15 per cent YoY
2. Consolidated PAT jumped nearly four times to Rs 13,730 cr, up 294 per cent YoY
3. Record Novelis Adjusted EBITDA at USD 2* billion, up 19 per cent YoY
4. Novelis Adjusted EBITDA per ton at USD 530*, up 12 per cent YoY
5. Record Novelis Net Income from continuing operations at USD 1 billion, up 122 per cent YoY
6. Aluminium India Business EBITDA at Rs 13,025 cr, up 139 per cent; margin at 41 per cent
7. Consolidated Net Debt to EBITDA at a strong 1.36x as of March 31, 2022 vs 2.59x as of March 31, 2021

Hindalco retains position as world’s most sustainable aluminium company in DJSI 2021, the company claimed in its exchange filing.

“With record profitability in the fourth quarter, we had a very good end to the year. We attribute Hindalco’s highest-ever profits not just to strong macros, but also our consistent focus on operational excellence and cost optimization,” Satish Pai, Managing Director at Hindalco Industries said.

“We continue to remain one of the world’s lowest cost and highest EBITDA margin producers of aluminium. Our strategy to build a more sustainable business model that is isolated from metal cycles is working very well for us. In line with this, we have allocated over 70% of our growth capex to value-enhancing downstream segments,” he further said.

“ All our growth capex for the next five years will be funded out of internal accruals,”  Pai added.