Consolidated revenue was reported at 56,000 crore, up 6 per cent quarter-on-quarter or Qo-Q (flat year-on-year or Y-o-Y), with better realisation and higher India volumes.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) grew 25 per cent Y-o-Y and 14 per cent Q-o-Q to ₹6,700 crore with better performances across segments. The adjusted profit after tax (PAT) stood at ₹3,200 crore, up by 32 per cent Yo-Y (up 36 per cent Q-o-Q) in Q4 FY24. The growth was due to good performances of India aluminium, copper, and strong results from Novelis. In FY24, revenue was 2.16 trillion (down 3 per cent Y-o-Y), Ebitda 23,900 crore (up 5 per cent Y-o-Y), and adjusted PAT at 10,100 crore (flat Y-o-Y).
The net-debt-to-Ebitda ratio improved to 1.21x versus 1.39x at end-FY23.
Aluminium upstream revenue grew 5 per cent Y-0-Y (6 per cent Q-0-Q) to 8,500 crore in Q4. The Ebitda was 2,700 crore (up 24 per cent Y-o-Y and 11 per cent Q-o-Q), due to lower input costs.
Upstream margin was 32 per cent in Q4FY24. Upstream shipments were 337,000 tonnes (up 4 per cent Y-o-Y and 1 per cent Q-o-Q) in Q4FY24.
This story is from the May 28, 2024 edition of Business Standard.
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This story is from the May 28, 2024 edition of Business Standard.
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