Hindalco Q4 Results Date, Share Price and More

Hindalco

An Indian corporation called Hindalco Industries Limited specializes in the manufacturing of copper and aluminum. With its main office located in Mumbai, Maharashtra, it is a subsidiary of the Aditya Birla Group. With a ranking of 661st on the Forbes Global 2000 list for 2023, Hindalco is well-known throughout the world. Its market valuation rose to $15.6 billion in US dollars by November 2023. This demonstrates its great importance and impact on the sector. With a significant global and Indian presence, Hindalco is a prominent participant in the copper and aluminum industries.

Hindalco Q4 Results

For the fourth quarter (Q4) of the fiscal year 2023–24 (FY24), Hindalco Industries released remarkable financial figures on May 24, 2024. From Rs 2,411 crore during the same period last year to Rs 3,174 crore, the company's net profit increased by 31.6% year over year. Reduced input costs throughout its copper and aluminum manufacturing categories and robust sales were the main drivers of this growth.

Even with the substantial increase in profit, Hindalco's operating revenue barely changed, increasing by 0.25%. In Q4 of last year, revenue was Rs 55,994 crore, as opposed to Rs 55,857 crore in the same period last year.

The board of directors proposed rewarding shareholders for the fiscal year that concludes on March 31, 2024, with a final dividend of Rs 3.50 per share. This recommendation demonstrates the company's commitment to providing investors with information about its financial performance.

Let's sum up: Hindalco had a strong fourth-quarter performance, with a noticeable rise in net profit and consistent revenue. The business's impressive financial performance and dividend proposal are a reflection of its sound operational efficiency and shareholder-friendly philosophy.

Hindalco Share Price Today

The share price of Hindalco Industries Ltd. decreased somewhat today, closing at INR 673.25, a decrease of INR 3.55, or 0.52%, from the day before. Its lowest price of the day was INR 671.05, having started the day at INR 679.25. Despite today's decline in the share price, the corporation remains strong, with a market value of INR 1.51 trillion. The share price ranged from INR 397.8 to INR 698.7 at its peak and lowest points over the last year. Every day, on average, 15,930,052 shares are traded. With a P/E ratio of 16.15, Hindalco demonstrates to investors that its earnings potential is respected.

Hindalco Results

Hindalco Industries, a division of the Aditya Birla Group, reported a robust ₹2,331 crore net profit for the third quarter of FY2024. 71.1% more has been added to this than at this time last year. ₹52,808 crore was the company's operating revenue in Q3 FY24, a slight decrease from the previous quarter but still a substantial sum. Furthermore, ₹3.50 per share is the final dividend that the board recommends be paid for the fiscal year that ends on March 31, 2024. Hindalco is continually expanding and doing well despite the difficult market conditions.