Rising base metal prices and improving demand both accrued benefits, as lower input costs helped drive operating performance further. Aluminium prices on the London Metal Exchange are about 10% higher on average on a year-on-year (y-o-y) basis during Q3. The thrust on operational efficiencies, supported by lower input costs, continues to help keep the cost of production low. Ebitda at ₹202 crore was also much lower than the ₹256 crore profit in the year-ago December quarter. Hindalco’s net debt at ₹53,802 crore has improved from ₹62,302 crore at the end of the June quarter.

Source: Mint February 11, 2021 07:40 UTC