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New Paradigms
Hindalco registered an all-time high consolidated business EBITDA of Rs 30,056 crore on a turnover of Rs 1,95,059 crore in FY2021‑22
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A USD 26-billion metals powerhouse belonging to the Aditya Birla Group, Hindalco Industries is an industry leader in aluminium and copper. Hindalco’s acquisition of Aleris Corporation in April 2020, through its subsidiary Novelis Inc., cemented the company's position as the world’s largest flat-rolled products player and recycler of aluminium. Because of its consistently strong financial performance, once again Hindalco Industries figures among the top 15 companies in the annual list of BW Real 500 companies. It has maintained its 11th position this year as well.
Hindalco delivered yet another strong consolidated performance in FY22 backed by favourable macros, better cost control and operational efficiencies. This record performance was delivered despite challenges like the ongoing pandemic, a steep inflation in input costs, volatility in commodity prices, and global supply chain disruptions due to the geopolitical situations, said Kumar Mangalam Birla, Chairman, Hindalco.
Record Performance
Despite these headwinds, Hindalco registered an all-time high consolidated business EBITDA of Rs 30,056 crore on a turnover of Rs 1,95,059 crore in FY2021‑22. "Hindalco's aluminium business in India and Novelis continued to deliver a record financial performance, despite tough market conditions caused by inflationary challenges and rising input costs," Birla said in his address to the shareholders. All the plants operated at their designed capacities during the year in both aluminium and copper. Hindalco's consolidated EBITDA continued to be delinked from the volatility of the global aluminium prices taking together the EBITDA of Novelis, copper and India aluminium downstream VAP, the chairman added.
Novelis also reported yet another remarkable performance this year with a record shipment of 3,858 kt, adjusted EBITDA of USD 2.045 billion. The adjusted EBITDA/ tonne of USD 530 was also the highest ever for the company. Novelis reported the share of recycled contents at 57 per cent in FY22, and continued to be world's largest recycler.
K.M. Birla, Chairman, Hindalco Industries
Total Assets: Rs 1,41,514 crore
Total Income: Rs 1,95,772 crore
Operating Profit: Rs 51,687 crore
Net Profit: Rs 38,449 crore