![Hindalco Q4 profit dips 37% to ₹2,411 cr on macro-economic challenges](https://images.assettype.com/fortuneindia%2F2023-05%2F7fd2c7d5-7155-443a-ae64-1ddbce119623%2FHindalco.jpg?w=300&q=95)
Hindalco Q4 profit dips 37% to ₹2,411 cr on macro-economic challenges
Hindalco’s Q4 consolidated revenue was flat on YoY basis at ₹55,857 cr; EBITDA dips 23% over higher input costs, unfavourable macros
Hindalco’s Q4 consolidated revenue was flat on YoY basis at ₹55,857 cr; EBITDA dips 23% over higher input costs, unfavourable macros
Revenue of Aditya Birla Group metals flagship rises 6% to ₹53,151 crore in Q3 FY23; EBITDA down 48% YoY to ₹3,930 cr.
Following the quarterly results, domestic brokerage ICICI Securities has given a ‘Buy’ call for Hindalco, while raising the company’s target price to ₹515.