Aluminum products company Hindalco Industries announced Q1FY25 results: Consolidated EBITDA at Rs 7,992 crore, up 31% YoY Aluminium Upstream EBITDA at Rs 3,493 crore, up 81% YoY; Industry-best EBITDA margins at 40% All-time high quarterly Copper EBITDA at Rs 805 crore, up 52% YoY Novelis’ Adjusted EBITDA per tonne at USD 525, up 10% YoY Consolidated Net Debt to EBITDA at 1.24x as of June 30th, 2024 vs 1.73x as of June 30th, 2023 Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, “Our strong Q1 results ride on the back of consistent operational excellence and cost optimization which allowed us to leverage the higher average metal prices. The Copper business achieved its highest quarterly EBITDA driven by high domestic sales (especially downstream products), healthy by-product credits and better operational efficiencies following a successful planned shutdown. The Aluminium India Upstream business recorded an 81% growth in EBITDA over the previous year. At 40%, it has registered the highest EBITDA margins globally. Novelis’ EBITDA per tonne at USD 525, was up 10% YoY, primarily due to increased volumes led by normalized beverage can shipments. Looking ahead, the major capital formation phase of the downstream business is near completion, and from here on, we will explore growth opportunities in the upstream business given our strong cash position. On the ESG front, I am happy to report that we are on track on our roadmap for climate action, waste recycling, water conservation, and biodiversity protection.” Result PDF