Hindalco Q1 net profit rises 48% to record high, EBITDA grows
Hindalco reported its best-ever quarterly profitability levels on account of better macros, and robust performance of its aluminium downstream and copper subsidiaries.
Hindalco reported its best-ever quarterly profitability levels on account of better macros, and robust performance of its aluminium downstream and copper subsidiaries.
Macquarie has maintained 'outperform' rating on the Hindalco stock, while Jefferies, CLSA, Kotak Securities and Motilal Oswal have given a 'buy' call.
Shares of Hindalco Industries dropped even after its U.S. subsidiary, Novelis, reported strong earnings in the March quarter of 2022.