Hindalco Industries Q2 Results Live : Hindalco Industries declared its Q2 results on November 11, 2024, showcasing a robust performance with revenue increasing by 7.45% year-over-year and a remarkable profit surge of 78.01%. Compared to the previous quarter, the topline grew by 2.09%, while profit saw a 27.16% increase.
Notably, the company’s selling, general, and administrative expenses have significantly decreased, dropping by 48.28% quarter-over-quarter and 47.74% year-over-year. This reduction has contributed positively to the overall profitability.
In terms of operating income, Hindalco reported a 2.95% increase compared to the previous quarter and a substantial 43% rise year-over-year, reflecting effective management and operational efficiency.
The earnings per share (EPS) for Q2 stood at ₹19.61, marking a staggering increase of 99.15% year-over-year, indicating strong profitability for shareholders.
Despite some recent fluctuations, Hindalco Industries has delivered a -2.81% return over the past week but has shown resilience with a 3.45% return over the last six months and a 6.59% year-to-date return.
Currently, Hindalco Industries boasts a market capitalization of ₹146,534.8 crore, with a 52-week high of ₹772.65 and a low of ₹481.1, reflecting investor sentiment and market dynamics.
As of November 12, 2024, the consensus among analysts is to buy, with out of 26 analysts covering the company, only 1 has given a Strong Sell rating, while 3 suggested Sell, 1 Hold, 8 Buy, and 13 Strong Buy ratings, indicating a generally positive outlook on Hindalco’s future performance.
Hindalco Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 58203 | 57013 | +2.09% | 54169 | +7.45% |
| Selling/ General/ Admin Expenses Total | 3799 | 7346 | -48.28% | 7270 | -47.74% |
| Depreciation/ Amortization | 1932 | 1892 | +2.11% | 1843 | +4.83% |
| Total Operating Expense | 52766 | 51732 | +2% | 50367 | +4.76% |
| Operating Income | 5437 | 5281 | +2.95% | 3802 | +43% |
| Net Income Before Taxes | 5643 | 4848 | +16.4% | 3231 | +74.65% |
| Net Income | 3909 | 3074 | +27.16% | 2196 | +78.01% |
| Diluted Normalized EPS | 19.61 | 14.98 | +30.9% | 9.85 | +99.15% |
