Hindalco Industries' net profit grew by 75% to 7,013 crore rupees in the first quarter

Hindalco Industries reported on Friday that its consolidated net profit for the June quarter increased by more than 75 percent compared to the same period last year, reaching 7,013 crore rupees. The growth was driven by increased revenues from the aluminum and copper segments.

The company, which is part of the Aditya Birla Group, stated in its stock exchange report that the net profit in the first quarter of the previous fiscal year (2025-26) was 4,004 crore rupees.

From April to June, the company's total revenue also rose to 85,882 crore rupees compared to 64,834 crore rupees the previous year, representing an increase of about 32 percent.

Revenue from the aluminum raw material segment amounted to 13,403 crore rupees, while the contribution from copper reached 17,232 crore rupees. Revenues from Novelis, an American aluminum producer and subsidiary of Hindalco Industries, totaled 54,763 crore rupees.

Hindalco Industries Limited is the flagship metals enterprise of the Aditya Birla Group. This $31 billion metallurgical company is the world's largest aluminum revenue company and a major global player in copper and specialty alumina. The company operates in 10 countries and 48 manufacturing sites, functioning as a fully integrated player—from mining to finished products. Furthermore, through its subsidiary Novelis, Hindalco is a global leader in the production of aluminum sheet and the largest copper producer in India.

business-standard.comJuly 30, 13:46

Bajaj Finance's net profit grew by 27.4% to ₹5,986 crore; assets under management increased by 23.9%

The consolidated net profit attributable to owners of the company, Bajaj Finance Limited, increased by 27.4% year-on-year, reaching ₹5,985.75 crore in the quarter ending June 30, 2026, compared to ₹4,699.61 crore.

Growth in Assets and Income

This growth was driven by an increase in net interest income and assets under management. Consolidated Assets Under Management (AUM) grew by 23.9%, amounting to ₹5.47 trillion as of June 30, 2026, compared to ₹4.41 trillion a year earlier. For the quarter, AUM increased by ₹36,969 crore.

Net interest income, which is the difference between interest earned and interest paid, rose by 22.9% to ₹12,571 crore from ₹10,228 crore. Net total income reached ₹15,224 crore compared to ₹12,460 crore, and operating profit before provisioning grew by 21.6%, totaling ₹10,137 crore.

Operations and Credit Quality

During the quarter, the lending institution issued 16.13 million new loans, which is 19.6% higher than the 13.49 million loans issued a year ago. The customer base expanded by 16.8%, reaching 124.43 million people from 106.51 million.

Regarding loan losses and provisions, they increased by 1.2% to ₹1,993 crore from ₹1,969 crore. The amount for the current quarter included ₹296 crore in prudent management and macroeconomic provisions. Excluding this amount, loan losses and provisions were ₹1,697 crore, a decrease of 13.8% year-on-year.

The ratio of loan losses and provisions to average funded assets decreased by 33 basis points to an annual rate of 1.54% from 1.87%. Excluding additional management and macroeconomic provisions, this ratio stood at 1.31%. The consolidated Non-Performing Asset (NPA) ratio improved by 7 basis points to 0.96% from 1.03%, and the Net NPA ratio improved by 11 basis points to 0.39% from 0.50%. The coverage ratio for third-stage assets was 60%.

Operating Profitability and Capital

Profit before tax increased by 28%, reaching ₹8,149 crore compared to ₹6,367.58 crore. There were no exceptional items in the quarter. Basic earnings per share rose to ₹9.62 from ₹7.57.

Operating expenses amounted to ₹5,087 crore compared to ₹4,124 crore a year earlier. The ratio of operating expenses to net total income increased by 30 basis points to 33.4% from 33.1%. The annual return on assets improved by 20 basis points to 4.7%, while the annual return on equity increased by 140 basis points to 20.4%.

The consolidated deposit portfolio decreased by 5%, amounting to ₹68,534 crore from ₹72,109 crore. According to the company's press release, deposits constituted about 15% of consolidated borrowings. The capital adequacy ratio, including Tier-II capital, was 20.90% as of June 30, 2026, and Tier-I capital was 20.01%.

business-standard.comJuly 28, 14:22

Radico Khaitan's profit increased by 76% in the first quarter due to demand for premium beverages

Indian alcoholic beverage manufacturer Radico Khaitan reported a significant increase in profit in the first quarter, driven by high demand for elite spirits, which contributed to margin expansion.

First Quarter Financial Results

The company's consolidated net profit for the quarter ending June 30 increased by almost 76 percent, reaching 230 billion Indian rupees (24 million US dollars) compared to 131 billion rupees the previous year. Meanwhile, operating revenue grew by 10.4 percent year-on-year, amounting to 586.8 billion rupees.

Company expenses rose by 8.5 percent, reaching 557.1 billion rupees. As a result, the company's gross margin expanded from 43 percent to 49.1 percent.

Outlook and Market Factors

The company expressed confidence in maintaining the trend of margin expansion throughout the 2027 fiscal year, despite the conflict between the US and Iran. It was noted that in March, the state of Karnataka, one of India's high-tax alcohol markets, announced the cessation of government price controls and the transition to volume-based excise taxation starting in April. This allowed companies to set prices independently while simultaneously reducing tax rates. The new tax scale came into effect on May 11.

Radico Khaitan stated that 'progressive regulatory reforms in key states, an improved political environment, and a steady shift towards premium brands create significant opportunities.' Sales of Radico's premium and super-premium spirits grew by almost 36 percent.

Analyst Expectations and Competitors

Analysts at Jefferies predict that the company will be able to maintain sales growth momentum for its core brands, especially the recently launched whisky Morpheus. It is worth noting that competitor United Spirits reported a 51.6 percent increase in its first-quarter profit.