Hindalco Industries Limited — Important, 13-02-2025: Updates

The Board of Directors of Hindalco Industries Limited has met to evaluate and approve the financial results for the quarter and nine months ended December 31, 2024. The company reported consolidated revenue from operations of ₹58,390 Cr, with a profit before tax of ₹5,296 Cr and a profit after tax of ₹3,735 Cr. The total comprehensive income was ₹1,422 Cr during the quarter, with basic earnings per share standing at ₹16.82.

A notable change in leadership was announced, with Mr. Praveen Kumar Maheshwari set to step down as CFO on March 31, 2025, and Mr. Bharat Goenka appointed as the new CFO effective April 1, 2025, subject to shareholder approval. Additionally, the company has closed negotiations regarding the proposed acquisition of the fabrication facility from Home Build Tech Pvt. Ltd. The Trading window for the company’s securities remains closed until 48 hours post-announcement, which investors should monitor closely.