Hindalco Industries, an Aditya Birla Group company, reported 17 per cent increase in December quarter net profit at ₹376 crore (₹320 crore) on the back of better realisation.
Revenue was up 11 per cent at ₹11,023 crore (₹9,915 crore).
The company had made a provision of ₹115 crore based on the Supreme Court judgment on mining regulations.
The Earnings before Interest, Tax, Depreciation and Amortisation increased 15 per cent to ₹1,611 crore driven by higher volumes in both aluminium and copper.
This was partially offset by higher input costs. Depreciation rose by seven per cent to ₹382 crore on account of progressive capitalisation.
Satish Pai, Managing Director, said though the rising cost is a concern, demand for both aluminium and copper has picked up and is expected to remain strong on revival of power projects.
Revenue from aluminium business was up at ₹ 5,323 crore led by higher sales and increased realisation. EBITDA from aluminium grew 7 per cent to ₹940 crore.
Aluminium metal production was at 3.23 lakh tonnes and alumina (including Utkal Alumina) at 7.34 lt. Value added products output was up three per cent at 1.23 lt.
Revenue from the copper segment increased to ₹5,701 crore, driven by higher volume and by-product realisation.
Copper cathode production was 1.01 lt, up by 8 per cent and copper cathode rod output was at 38,000 tonnes.
Utkal Alumina International registered net profit of ₹118 crore against a loss of ₹55 crore in the same period last year.