India: Hindalco reports strong first quarter FY23 results

Hindalco reported a 48% y-o-y jump in consolidated profit after tax at INR 4,119 crore compared with INR 2,787 crore in the corresponding quarter last year. EBITDA for the quarter was at INR 8,640 crore, up 27% y-o-y from INR 6,790 crore. Hindalco said its results were driven by better macros, robust performance of aluminium downstream and copper businesses along with better-operating efficiencies.


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