<p>The Aditya Birla Group once again joined forces with TEDxGateway 2024, India's hub of innovative ideas, on March 2nd at at the Jamshed Bhabha Theatre in NCPA, Mumbai. It was an exhilarating day, fulfilling its mission by sparking stimulating conversations and fostering connections.</p><p>With over 20 outstanding speakers ranging from visionary artists to tech pioneers and captivating storytellers, the event was a showcase of diverse perspectives. Their stories, fuelled by passion and resilience, left a lasting impact, igniting imaginations along the way. The line-up also included researchers, philanthropists, educators, and activists, underscoring TEDxGateway's dedication to ground-breaking ideas.</p><p>TEDxGateway, an independently organised TEDx event, has a rich history. Since its modest beginnings in 2010, it has evolved into India's premier platform for thought leaders. Today, it hosts multiple events annually, drawing over 55,400 attendees (on-ground) and 350+ speakers of global repute, and continues to spread impactful ideas.</p>

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TEDxGateway 2024: A Day of Inspiration

<p>Starting from 31 October 2023, until 4 November 2023, Aditya Birla Group Hindustan Times Leadership Summit (HTLS) 2023, will bring together leaders and icons from across the fields of politics, sports, business, health, science, and entertainment to share their views on the theme 'Beyond Barriers'.</p><p>HTLS 2023 will host distinguished public figures such as Prime Minister Narendra Modi, Chief Justice of India Dhananjaya Y. Chandrachud, and Minister of External Affairs Dr. S. Jaishankar. It will also feature well-known personalities from politics to sports and even entertainment industries, such as Piyush Goyal, Ashwini Vaishnaw, Sushmita Sen, Karan Johar, Alia Bhatt, Charlize, Satwiksairaj Rankireddy and Chirag Shetty, Bhagwant Mann, Sukhvinder Singh Sukhu, Alan Mamedi, Neeraj Chopra, Navin Chawla, and Chris Miller.</p><p>Launched in 2003, HTLS has evolved into a platform that enhances the quality of discourse on critical global issues and fosters solution-oriented discussions among leaders. Over the years, the summit has grown to become one of the most eagerly anticipated events in India.</p><p>To learn more or register for the event, click <a href="https://htls2023.virtualeventexp.com/signup">here</a>.</p>

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Aditya Birla Group Hindustan Times Leadership Summit 2023

<p>Aditya Birla Group was proud to continue its partnership with TEDxGateway, India's largest ideas festival, for its 2023 edition. This highly anticipated event took place on 4th June 2023 at the Jamshed Bhabha Theatre in NCPA, Mumbai.</p><p>Aligned with TED's mission of discovering 'ideas worth spreading', the event featured an impressive lineup of 24 speakers from diverse walks of life, sharing their unique insights on a wide range of topics. The speakers include storytellers, poets, musicians, policy experts, economists, and scientists, among many others.</p><p>As a firm believer in the transformative power of ideas, this year, Aditya Birla Group also introduced the Big Idea Pass. These were limited sponsored seats reserved for young professionals armed with innovative ideas of their own, offering them an exclusive opportunity to network at the event and draw inspiration from the speakers.</p><p>TEDxGateway is an independently organised TEDx conference with a rich history. It began in 2010 with a modest attendance of just over 300 attendees and has since grown into India's largest conference of thought-leaders, hosting multiple events throughout the year and attracting over 55,000 attendees thus far.</p><p>To learn more about the conference, <a target="_blank" rel="noopener noreferrer" href="https://www.tedxgateway.com/">click here</a>.</p>

TEDxGateway hosts its 2023 edition in Mumbai

Sustainability

Responsibility

Ethical

Accelerating ESGbility - Deeksha Vats

Inclusion

Collaboration

Diversity

Diversity in Cross-Cultural Workplace - John Loudermilk

Innovation

Automation

Digitalisation

Manufacturing in the New Age - Satish Pai

Leadership

Empowerment

Resilience

Vice President, Global Automotive Sales & Marketing
Novelis

The Women of Mettle - Jamie Zinser

<p>Aditya Birla Capital Limited (“The Company”) announced its unaudited financial results for the quarter and half year ended September 30, 2024.</p><figure class="table" style="width:92.35%;"><table class="ck-table-resized"><colgroup><col style="width:35.34%;"><col style="width:21.86%;"><col style="width:20.68%;"><col style="width:22.12%;"></colgroup><tbody><tr><td><h6>Particulars</h6></td><td><h6>Q2 FY24</h6></td><td><h6>Q2 FY25</h6></td><td><h6>Y-o-Y Growth</h6></td></tr><tr><td><h6>Consolidated Revenue*</h6></td><td>8,831</td><td>12,007</td><td>36%</td></tr><tr><td><h6>Consolidated Profit After Tax</h6></td><td>705</td><td>1,001</td><td>42%</td></tr><tr><td colspan="4">In ₹ Crore</td></tr></tbody></table></figure><p>The consolidated profit after tax grew 42% year-on-year and 32% sequentially to ₹ 1,001 crore in Q2 FY25. The consolidated profit after tax includes gain of ₹ 167 crore on sale of entire stake of 50% in Aditya Birla Insurance Brokers Limited.</p><p>The consolidated revenue* grew by 36% year-on-year to ₹ 12,007 crore in Q2 FY25. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year and 8% sequentially to ₹ 1,37,946 crore as on September 30, 2024.The total AUM (AMC, life insurance and health insurance) grew by 24% year-on-year and 9% sequentially to ₹ 5,01,152 crore as on September 30, 2024. The total premium (life insurance and health insurance) grew by 29% year-on-year to ₹ 10,828 crore in H1 FY25.</p><p>The Company’s omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 20 products and services such as payments, loans, insurance, and investments. Its unique feature of ‘My Track’ helps users track their personal finance, credit history and health. During the quarter, the Company has introduced new products such as digigold gifting, family health scan and pocket insurance. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with more than 2.5 million customer acquisitions till date.</p><p>The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It continues to scale up quite well with more than 1.6 million registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed ₹ 2,900 crore.</p><p>The Company has a pan-India presence of 1,470 branches across all businesses as of September 30, 2024. The Company is focused on capturing white spaces and driving penetration into tier 3 and tier 4 towns and new customer segments.</p><p><strong>Highlights of NBFC business in Q2 FY25</strong><br>•&nbsp;&nbsp;&nbsp;&nbsp;Disbursements grew by 17% year-on-year and 44% sequentially to ₹ 19,322 crore<br>•&nbsp;&nbsp;&nbsp;&nbsp;AUM grew by 23% year-on-year and 7% sequentially to &nbsp;₹ 1,14,710 crore&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Loans to Retail, SME and HNI customers constitute 65% of the total portfolio&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Profit before tax grew by 15% year-on-year to ₹ 844 crore&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Return on assets was 2.34% and return on equity was 15.56%&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Credit costs improved by 18 basis points sequentially from 1.43% to 1.25%&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Gross stage 2 and 3 ratio improved by 100 basis points year-on-year and 21 basis points sequentially to 4.24%</p><p><strong>Highlights of Housing Finance business in Q2 FY25</strong><br>•&nbsp;&nbsp;&nbsp;&nbsp;Disbursements grew by 113% year-on-year and 31% sequentially to ₹ 4,010 crore&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;AUM grew by 51% year-on-year and 14% sequentially to ₹ 23,236 crore&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Profit before tax grew by 7% year-on-year and 22% sequentially to ₹ 104 crore&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Return on assets was 1.53% and return on equity was 11.54%&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Gross stage 2 and 3 ratio improved by 218 basis points year-on-year and 42 basis points sequentially to 2.22%</p><p><strong>Highlights of Asset Management business in Q2 FY25</strong><br>•&nbsp;&nbsp;&nbsp;&nbsp;Mutual fund quarterly average assets under management (QAAUM) grew by 9% sequentially and 23% year-on-year to ₹ 3,83,309 crore, with equity mix at 47.1%<br>•&nbsp;&nbsp;&nbsp;&nbsp;Equity QAAUM grew by 39% year-on-year to ₹ 1,80,658 crore&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Individual monthly average assets under management grew by 28% year-on-year to ₹ 2,03,391 crore<br>•&nbsp;&nbsp;&nbsp;&nbsp;Monthly systematic investment plan (SIP) flows grew by 47% year-on-year to &nbsp; ₹ 1,425 crore in September 2024<br>•&nbsp;&nbsp;&nbsp;&nbsp;Profit before tax grew by 42% year-on-year to ₹ 335 crore</p><p><strong>Highlights of Life Insurance business in H1 FY25</strong><br>•&nbsp;&nbsp;&nbsp;&nbsp;Individual First Year Premium (FYP) grew by 33% year-on-year to ₹ 1,578 crore&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Group New Business Premium grew by 45% year-on-year to ₹ 2,834 crore<br>•&nbsp;&nbsp;&nbsp;&nbsp;Renewal premium grew by 12% year-on-year to ₹ 3,942 crore&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;13th month persistency continued to improve at 88% in September 2024 (September 2023: 87%)<br>•&nbsp;&nbsp;&nbsp;&nbsp;61st month persistency was strong at 67% in September 2024 (September 2023: 60%)<br>•&nbsp;&nbsp;&nbsp;&nbsp;Net VNB margin was 7.4%&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Embedded value grew by 21% year-on-year to ₹ 12,368 crore</p><p><strong>Highlights of Health Insurance business in H1 FY25</strong><br>•&nbsp;&nbsp;&nbsp;&nbsp;Gross written premium (GWP) grew by 39% year-on-year to ₹ 2,171 crore, with Retail premium growth at 51% year-on-year<br>•&nbsp;&nbsp;&nbsp;&nbsp;Market share among standalone health insurers (SAHI) increased by 123 basis points year-on-year to 11.9%&nbsp;<br>•&nbsp;&nbsp;&nbsp;&nbsp;Combined ratio improved to 113% from 119% in H1 FY24</p><p><span style="font-size:12px;"><i>*Consolidated segment revenue; for Ind AS statutory reporting purpose Asset management, wellness business and health insurance are not consolidated and included under equity accounting.</i></span></p>

Aditya Birla Capital Q2 FY25 Results: Strong earnings and PAT

<p><i>Registers Consolidated Net Sales of Rs. 15,308 crores and Profit after tax of Rs. 820 crores.</i></p><p><a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement Limited</a>, an Aditya Birla Group company today announced its financial results for the quarter ended 30th September, 2024.</p><p>&nbsp;</p><h3><strong>Financial Results: Q2FY25</strong></h3><figure class="table"><table class="ck-table-resized"><colgroup><col style="width:23.85%;"><col style="width:19.08%;"><col style="width:19.08%;"><col style="width:19.55%;"><col style="width:18.44%;"></colgroup><thead><tr><th style="text-align:center;">&nbsp;</th><th style="text-align:center;" colspan="2"><strong>Consolidated</strong></th><th style="text-align:center;" colspan="2"><strong>Standalone</strong></th></tr><tr><th style="text-align:center;"><strong>Particulars</strong></th><th style="text-align:center;"><strong>Q2FY25</strong></th><th style="text-align:center;"><strong>Q2FY24</strong></th><th style="text-align:center;"><strong>Q2FY25</strong></th><th style="text-align:center;"><strong>Q2FY24</strong></th></tr></thead><tbody><tr><td style="text-align:center;"><strong>Net Sales</strong></td><td style="text-align:center;">15,308</td><td style="text-align:center;">15,735</td><td style="text-align:center;">14,575</td><td style="text-align:center;">15,195</td></tr><tr><td style="text-align:center;"><strong>PBIDT</strong></td><td style="text-align:center;">2,239</td><td style="text-align:center;">2,718</td><td style="text-align:center;">2,114</td><td style="text-align:center;">2,609</td></tr><tr><td style="text-align:center;"><strong>PAT</strong></td><td style="text-align:center;">820</td><td style="text-align:center;">1,281</td><td style="text-align:center;">797</td><td style="text-align:center;">1,221</td></tr></tbody></table><figcaption><strong>(Rs. in crores)</strong></figcaption></figure><p>&nbsp;</p><h3><strong>FINANCIALS</strong></h3><p>Consolidated Net Sales was Rs. 15,308 crores vis-à-vis Rs. 15,735 crores over the corresponding period of the previous year. Profit before interest, depreciation and tax was Rs. 2,239 crores compared to Rs. 2,718 crores. Profit after tax was Rs. 820 crores compared to Rs. 1,281 crores.</p><p>&nbsp;</p><h3><strong>OPERATIONS</strong></h3><p>UltraTech achieved capacity utilisation of 68% during the quarter. Domestic sales volume grew 3% YoY on a consolidated basis despite incessant rains throughout the country this season.</p><p>Energy costs were lower by 14% YoY, while raw material costs rose 1% on account of an increase in the cost of flyash and slag.</p><p>UltraTech successfully raised US$500 million through a sustainability-linked loan with participation from six banks. The transaction marks the second sustainability-linked financing, after the inaugural sustainability-linked bond issuance in 2021. This financing signifies the ongoing commitment to align the Company’s funding strategy with its sustainability and ESG goals.</p><p>&nbsp;</p><h3><strong>CAPITAL EXPENDITURE</strong></h3><p>UltraTech’s expansion program is progressing as per schedule.</p><p>The capacity expansion drive is on a scale that is globally unprecedented in the cement sector. With the completion of the ongoing expansion projects across India by FY27, and receipt of statutory approvals for the acquisitions of Kesoram Cement (10.75 MTPA) and The India Cements (14.45 MTPA), UltraTech’s total cement capacity will surpass 200 MTPA. This expanded manufacturing footprint will help reduce operational costs, and improve customer service, leveraging the Company’s strong nation-wide presence and its distribution network. More importantly, this scale will further enable UltraTech to service India’s growing demand for cement across the country, reinforcing UltraTech’s contribution to nation’s development</p><p>&nbsp;</p><h3><strong>SUSTAINABILITY</strong></h3><p>UltraTech has been ranked No. 1 in the <a href="/businesses/sectors/cement/">Cement</a> and Building Materials sector at the 4th Edition of Business World’s India’s Most Sustainable Companies 2024 (IMSC 2024), and No. 17 out of the top 200 Companies in India. This is the fourth consecutive time UltraTech has topped the sectoral ranking, an acknowledgement of its efforts in driving sustainability across the value chain of its operations. The framework for the award examines a wide range of environmental, social, and governance (ESG) criteria to provide a holistic view of each company’s sustainability efforts.</p><p>In line with its stated commitment towards enhancing environment conservation measures, UltraTech commenced 8 MW of WHRS capacity during the quarter. With this, the Company’s total WHRS capacity stands augmented to 308 MW. The share of green power (including WHRS and RE Power) in the Company’s power mix is 32% for the quarter.</p><p>&nbsp;</p><h3><strong>GOING FORWARD</strong></h3><p>UltraTech’s ambitious capacity expansion capitalises on the substantial long term growth potential of India’s cement sector. Its growth trajectory aligns closely with India’s broader growth story. By increasing its scale, the Company will meet the rising demand for cement nationwide. Increase in Government spending on Infrastructure sector and rising demand from the urban housing sector is expected to generate a sustainable volume growth of 7-8% in future years.</p><p>UltraTech aims to make a meaningful contribution to the nation’s progress by laying the groundwork for infrastructure that shapes modern India.</p>

UltraTech Cement Limited announces Q2FY25 results

<p><a href="/businesses/companies/ultratech-cement-limited/" target="_blank" rel="noopener noreferrer">UltraTech Cement Limited</a> (“UltraTech”) has today announced that it has successfully raised US$500 million through a sustainability-linked loan with participation from six banks. The transaction marks the second sustainability-linked financing raised by UltraTech, subsequent to its inaugural sustainability-linked bond issuance in 2021. This financing signifies UltraTech’s ongoing commitment to align its funding strategy with its sustainability and ESG goals.</p><p>This financing is aligned with UltraTech's recently published Sustainability-Linked Financing Framework which covers the Company’s future sustainability-linked bond and loan issuances. UltraTech’s Framework is aligned with the Sustainability-Linked Bond Principles published by the ICMA, the Sustainability-Linked Loan Principles published by the LMA/LSTA/APLMA and has received a Second Party Opinion from S&amp;P Global Ratings.</p><p>The Sustainability Performance Targets (SPTs), detailed in the Framework, reflect UltraTech’s core sustainability principles and business objectives. These targets encompass</p><ul><li>Reduction of scope 1 emissions, measured in kgCO2 per ton of cementitious material (kgCO2/t.cem), by 27% by March 31, 2032, from a FY17 baseline.</li><li>Increase share of green energy from waste heat recovery system (WHRS), solar and wind power in its total energy mix to 85% by FY30 and 100% in FY50.</li></ul><p>Sumitomo Mitsui Banking Corporation (SMBC) acted as the sole Sustainability Coordinator for this transaction and served as the sole advisor on UltraTech’s Sustainability-Linked Financing Framework. Lenders for the transaction include SMBC, SBI, BNP Paribas, DBS, MUFG and Mizuho.</p><p>Details on the Sustainability-Linked Financing Framework and its accompanying SPO are available on the Company website:</p><ul><li><a target="_blank" rel="noopener noreferrer" href="https://www.ultratechcement.com/content/dam/ultratechcementwebsite/pdf/sustainability-reports/UltraTech_SLF_Framework_Aug24.pdf">Sustainability Linked Financing Framework</a></li><li><a target="_blank" rel="noopener noreferrer" href="https://www.ultratechcement.com/content/dam/ultratechcementwebsite/pdf/sustainability-reports/UltraTech_SLF_Opinion_Aug24.pdf">Second Party Opinion</a></li></ul>

UltraTech raises USD 500 million through sustainability-linked financing

<p><i>Robust results supported by strong macros and operational efficiencies</i></p><h3><strong>Consolidated PAT at ₹3,074 crore, up 25% YoY</strong></h3><p>&nbsp;</p><h3>Q1 FY25 Performance (vs Q1 FY24)</h3><ul><li>Consolidated EBITDA at ₹7,992 crore, up 31% YoY</li><li>Aluminium Upstream EBITDA at ₹3,493 crore, up 81% YoY; Industry-best EBITDA margins at 40%</li><li>All-time high quarterly Copper EBITDA at ₹805 crore, up 52% YoY</li><li>Novelis’ Adjusted EBITDA per tonne at $525*, up 10% YoY</li><li>Consolidated Net Debt to EBITDA at 1.24x as of June 30th, 2024 vs 1.73x as of June 30th, 2023</li></ul><p><a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, reported a consolidated quarterly Net Profit of ₹3,074 crore, an increase of 25% YoY, supported by favourable macros, operational efficiencies and lower input costs. Aluminium Upstream EBITDA per tonne was at $1,273, up 84% YoY, with industry-best margins of 40%. Copper Business delivered a new record-breaking performance in Q1, with EBITDA at an all-time high of ₹805 crore, up 52% YoY, backed by higher average copper prices and robust operations.</p><p>Novelis reported a strong first-quarter performance with EBITDA per tonne at $525*, an increase of 10% compared to last year. Hindalco maintained a solid balance sheet and liquidity position which helped the Company keep the Net Debt to EBITDA ratio below 1.5x.</p><p><i>*As per US GAAP</i></p><p>&nbsp;</p><h3>Consolidated Financial Highlights for the Quarter ended June 30, 2024</h3><p><span style="text-align:right;">(Rs. crore)</span></p><figure class="table"><table class="ck-table-resized" width="100%"><thead><tr><th colspan="2" valign="middle"><strong>Particulars</strong></th><th><strong>Q1FY24</strong></th><th><strong>Q4 FY24</strong></th><th><strong>Q1 FY25</strong></th></tr></thead><tbody><tr><td colspan="2"><strong>Revenue from Operations</strong></td><td><strong>52,991</strong></td><td>55,994</td><td>57,013</td></tr><tr><td colspan="2"><strong>Earning Before Interest, Tax, Depreciation &amp; Amortisation (EBITDA)</strong></td><td>&nbsp;</td><td>&nbsp;</td><td>&nbsp;</td></tr><tr><td>&nbsp;</td><td>Novelis<sup>*</sup></td><td>3,456</td><td>4,270</td><td>4,170</td></tr><tr><td>&nbsp;</td><td>Aluminium Upstream</td><td>1,935</td><td>2,709</td><td>3,493</td></tr><tr><td>&nbsp;</td><td>Aluminium Downstream</td><td>135</td><td>144</td><td>110</td></tr><tr><td>&nbsp;</td><td>Copper</td><td>531</td><td>776</td><td>805</td></tr><tr><td colspan="2"><strong>Business Segment EBITDA</strong></td><td>6,057</td><td>7,899</td><td>8,578</td></tr><tr><td>&nbsp;</td><td>Inter Segment Profit/ (Loss) Elimination (Net)</td><td>(1)</td><td>(2)</td><td>(230)</td></tr><tr><td>&nbsp;</td><td>Unallocable Income/ (Expense) - (Net) &amp; GAAP Adjustments</td><td>53</td><td>(696)</td><td>(356)</td></tr><tr><td colspan="2"><strong>EBITDA</strong></td><td>6,109</td><td>7,201</td><td>7,992</td></tr><tr><td colspan="2">Finance Costs</td><td>992</td><td>888</td><td>859</td></tr><tr><td colspan="2"><strong>PBDT</strong></td><td>5,117</td><td>6,313</td><td>7,133</td></tr><tr><td colspan="2">Depreciation &amp; Amortisation (including impairment)</td><td>1,790</td><td>2,176</td><td>1,957</td></tr><tr><td colspan="2">Share in Profit/ (Loss) in Equity Accounted Investments (Net of Tax)</td><td>2</td><td>(1)</td><td>2</td></tr><tr><td colspan="2"><strong>Profit before Exceptional Items and Tax</strong></td><td>3,329</td><td>4,136</td><td>5,178</td></tr><tr><td colspan="2">Exceptional Income/ (Expenses) (Net)</td><td>(12)</td><td>-</td><td>(330)</td></tr><tr><td colspan="2"><strong>Profit Before Tax (After Exceptional Item)</strong></td><td>3,317</td><td>4,136</td><td>4,848</td></tr><tr><td colspan="2">Tax</td><td>863</td><td>962</td><td>1,774</td></tr><tr><td colspan="2"><strong>Profit/ (Loss) After Tax</strong></td><td>2,454</td><td>3,174</td><td>3,074</td></tr><tr><td style="font-size:10px;" colspan="2">EPS (Rs./share)</td><td>11.05</td><td>14.29</td><td>13.84</td></tr><tr><td colspan="5"><span style="font-size:small;"><i>As per US GAAP</i></span></td></tr></tbody></table></figure><p>Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,&nbsp;<i>“Our strong Q1 results ride on the back of consistent operational excellence and cost optimization which allowed us to leverage the higher average metal prices.</i></p><p><i>The Copper business achieved its highest quarterly EBITDA is driven by high domestic sales (especially downstream products), healthy by-product credits and better operational efficiencies following a successfully planned shutdown. The Aluminium India Upstream business recorded an 81% growth in EBITDA over the previous year. At 40%, it has registered the highest EBITDA margins globally. Novelis’ EBITDA per tonne at $525, was up 10% YoY, primarily due to increased volumes led by normalized beverage can shipments. Looking ahead, the major capital formation phase of the downstream business is near completion, and from here on, we will explore growth opportunities in the upstream business given our strong cash position.&nbsp;</i></p><p><i>On the ESG front, I am happy to report that we are on track on our roadmap for climate action, waste recycling, water conservation, and biodiversity protection.”</i></p><p>&nbsp;</p><h3>Consolidated Results</h3><p>Consolidated revenue for the first quarter stood at ₹57,013 crore (vs ₹52,991 crore), up 8%YoY, on account of better realisations and efficiencies in India operations.</p><p>Hindalco reported an EBITDA of ₹7,992 crore (vs ₹6,109 crore) in Q1 FY25, up 31% YoY, driven by lower input costs and higher volumes.</p><p>Consolidated PAT in Q1 FY25 was ₹3,074 crore compared to ₹2,454 crore in Q1 FY24, up by 25% YoY. Consolidated Net Debt to EBITDA stood at 1.24x as of June 30th, 2024 vs 1.73x as of June 30th, 2023.</p><p>&nbsp;</p><h3>Business Segment Performance in Q1 FY25 (vs Q1 FY24)</h3><p><strong>Novelis*</strong></p><p>Total shipments of flat rolled products were at 951 KT in Q1 FY25 vs 879 KT in Q1 FY24, up 8% YoY supported by normalised demand for beverage packaging sheets. <a href="/businesses/companies/novelis-inc/">Novelis</a>’ revenue in Q1 FY25 stood at $4.2 billion (vs $4.1 billion), up 2% YoY, driven by higher average aluminium prices YoY and higher shipments. Novelis reported an adjusted EBITDA of $500 million (vs $421 million), up 19% YoY supported by higher shipments and favourable product pricing. Novelis’ adjusted EBITDA per tonne at $525 was up 10% YoY. Net income attributable to our common shareholder, was $151 million in Q1 FY25, down 3% YoY due to initial charges associated with flooding at the Sierre plant, Switzerland, caused by unprecedented heavy rainfall in June, as well as higher restructuring and unfavourable metal price lag, largely offset by higher Adjusted EBITDA.&nbsp;The total net cash impact of flooding at the Novelis Sierre plant, after insurance, is estimated at $80 million. The net impact on Adjusted EBITDA is estimated to be $30 million, most of which will occur in the second quarter.</p><p><strong>Aluminium (India)</strong></p><p>Quarterly Upstream revenue was ₹8,839 crore in Q1 FY25 vs ₹8,064 crore in the prior year period. Aluminium Upstream EBITDA stood at ₹3,493 crore in Q1 FY25, compared with ₹1,935 crore for Q1 FY24, up 81% YoY supported by lower input costs. Upstream EBITDA margins, at 40%, were the best in the global industry.</p><p>Downstream revenue was ₹2,868 crore in Q1 FY25 vs ₹2,435 crore in the prior year period. Sales of Downstream Aluminium stood at 96 KT vs 81 KT in Q1 FY24, up 18% YoY. Downstream EBITDA per tonne was $138 in Q1 FY25, compared to $202 for Q1 FY24, down 32% YoY.</p><p><strong>Copper</strong></p><p>Quarterly revenue from the Copper Business stood at ₹13,292 crore, up 16% YoY, on account of higher shipments and realisation. EBITDA for the Copper Business was at an all-time high of ₹805 crore in Q1 FY25 compared to ₹531 crore in Q1 FY24, up 52% YoY backed by higher average copper prices and robust operations. Quarterly Copper metal sales were at 119 KT (vs 118 KT). Copper Continuous Cast Rod (CCR) sales were at 100 KT in Q1 FY25 (vs 98 KT), up 2% YoY in line with growing market demand for value-added products.</p><p>&nbsp;</p><h3>Business Updates &amp; Recognition</h3><ul><li>Novelis’ Bay Minette project remains on track, expected to be completed by the second half of CY26</li><li>Aditya FRP expansion in Odisha to be commissioned by FY26</li><li>Silvassa extrusions plant ramping up</li><li>Hindalco in the Top 10 of the 'Great Place to Work' list in Health and Wellness for 2024</li><li>Hindalco awarded ‘Masters of Risk’ title in Private Sector – large cap category at the India Risk Management Awards 2024</li></ul>

Hindalco Reports Consolidated First Quarter FY2025 Results

UltraTech to buy 26% stake in O2 Renewable for green energy needs

Aditya Birla Capital, Aditya Birla Finance announce a Scheme of Amalgamation for creation of a large NBFC

Grasim Industries ventures into paint business with Birla Opus, eyes second-largest position in the sector

Hindalco on track to meet clean energy targets two years ahead

<p>Driven by a commitment to be ‘A Force for Good,’ Aditya Birla Group’s initiatives aim to foster healthier communities and create lasting positive change across <a href="/businesses/countries/india/">India</a>.</p><p>Aditya Birla Group believes that health and well-being are the bedrock of a thriving society. With a rich legacy of championing initiatives that improve lives, the Group is not only dedicated to building India’s economic future but also to driving positive social change. Through targeted CSR initiatives, the Group is tackling some of India’s most pressing health challenges, from the fight against cancer to sustainable menstrual hygiene solutions to prevent cervical cancer among young girls from underserved families. Here’s a closer look at how Aditya Birla Group is creating lasting impact where it’s needed most.</p><h3><br><strong>The fight against cancer</strong></h3><p><img class="image_resized image-style-align-left" style="width:35%;" src="https://www.cms.adityabirla.com/uploads/sustainable_health_hygiene_00de4a3d61.webp" alt="sustainable-health-hygiene.webp">November 7th is observed as National Cancer Awareness Day in India, to create public awareness about the early detection, prevention and treatment of cancer. The disease remains one of the world’s deadliest, with an estimated 20 million new cases globally and 9.7 million deaths in 2022 alone, according to the World Health Organisation (WHO). In India, the projected cancer burden is expected to rise from 26.7 million DALYs (Disability Adjusted Life Years) in 2021 to 29.8 million in 2025.</p><p>It is imperative that corporations step up to help ease this growing burden on the nation’s progress, with a concerted effort in the battle against cancer. Aditya Birla Group’s own approach is a multi-pronged one, comprising of:</p><ul><li>Financial support for underprivileged patients - The Group has collaborated with the Cancer Patients Aid Association and the Indian Cancer Society to sponsor the cancer treatment of over 300 children while around 10,000 children have received support for diagnosis and treatment for several types of cancer.</li><li>Involved with more than 5,000 children suffering from different ailments such as cancer, tuberculosis, thalassemia, and cardiac issues, among others. Extending financial support for chemotherapy sessions and medical treatment. Encouraging them in a holistic manner to get back quickly on the road to recovery.</li><li>Awareness campaigns that are conducted in communities to educate them about symptoms, existing government healthcare services and other issues.</li><li>Prevention and treatment at the multi-speciality tertiary Aditya Birla Memorial Hospital near Pune - As of 2023, approximately 15,500 mammograms, 50,000 cancer screenings, 18,000 chemotherapies and 1,200 onco-surgeries were undertaken for the underprivileged while around 30,000 girls have received the HPV (Human Papillomavirus) vaccination to prevent cervical cancer.</li></ul><h3><br><strong>The case for sustainable menstrual hygiene</strong></h3><p><img class="image_resized image-style-align-right" style="width:30%;" src="https://www.cms.adityabirla.com/uploads/cancer_hpv_vaccine_9c25c10e73.webp" alt="cancer-hpv-vaccine.webp"><a href="/businesses/brands/birla-cellulose/">Birla Cellulose</a>, an Aditya Birla Group business, is contributing towards improving the health of the community and reducing impact on the environment with an innovative initiative. According to a recent study by The Ministry of Drinking Water and Sanitation, Government of India, girls and women use 12 billion pads annually, generating menstrual waste amounting to 9,400 tonnes per month or 1,12,800 tonnes annually.</p><p>In partnership with GoNatura, a Bengaluru-based sanitary pad company, Birla Cellulose has developed biodegradable and affordable sanitary pads. A viscose fibre made from wood pulp, called ‘Purocel EcoDry’, was specially developed by Birla Cellulose to be incorporated as the top sheet in</p><p>GoNatura’s sanitary pads. The highly-sustainable alternative to plastic-based, single-use sanitary pads, is helping to reduce the sizeable waste created by disposables, thereby reducing the ecological burden on India.</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><h3><strong>A healthier future</strong></h3><p>For Aditya Birla Group, the health and well-being of communities are core to its mission of being a ‘<a href="/our-story/a-force-for-good/">Force for Good</a>’. CSR is part of the Group’s DNA and it remains committed to driving research-led innovation that will not only build a safer and healthier India, but also enhance the health and well-being of communities across the world.</p>

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A Force for Good Health

<p>India has become a nation of aspiration and ambition, where dreams are no longer limited to imagination. Let’s explore how Aditya Birla Group is helping turn these dreams into reality.</p><p>India is on the move. As one of the world’s fastest-growing economies, it’s driven by an unprecedented spirit of ambition and aspiration, where dreams aren’t just whispered but proudly pursued. India today is a land of change and opportunity, where a rising generation of individuals and families aspire for lives filled not just with success but with experiences that enrich and elevate—beautiful homes, stylish wardrobes, memorable dining, and secure futures. This desire for Good Living is transforming how India sees itself. Aditya Birla Group stands as a proud partner in this journey.</p><p>For over a century, Aditya Birla Group has been a constant force in India’s economic story, empowering people to achieve more, dream bigger, and live better. As India reaches for the extraordinary, the Group brings an array of thoughtfully crafted products and services to fulfil these aspirations, making Good Living not only achievable but inspiring.</p><p>Let’s look at the vast portfolio of products, services, and experiences that are helping Indians live the life they aspire to.</p><h3><br><strong>Building beautiful homes</strong></h3><p>A good home is the foundation of a great life. Across India’s homes and cities, Aditya Birla Group plays a key role in shaping the spaces where people live, work, and grow. UltraTech, the country’s largest cement producer, helps build essential infrastructure and enduring homes. With durable, energy-efficient Eternia Windows from Hindalco crafted from the advanced Duranium alloy, the Group brings a modern touch to green living. And with Birla Estates, it offers quality residential and commercial spaces that enable people to create lives around their aspirations and ambitions.</p><h3><br><img class="image_resized image-style-align-left" style="width:25%;" src="https://www.cms.adityabirla.com/uploads/restaurant_interior_furniture_58c9f1f204.webp" alt="restaurant interior-furniture.webp"><strong>Bringing imagination to interiors</strong></h3><p>Good Living extends to what fills these spaces, from vibrant colours to artisanal touches that make a house feel like home. Aadyam Handwoven preserves India’s weaving heritage with rugs, curtains, and table linens crafted by master artisans, ensuring that India’s cultural legacy finds a place in every modern home. Jaypore, another proud brand from Aditya Birla Fashion and Retail, curates beautifully handcrafted home linens, furniture, and tableware, allowing customers to infuse their spaces with style and sophistication.</p><p>And now, with <a href="/businesses/companies/birla-opus/">Birla Opus</a>, the Group’s recently launched paints brand, personalisation has never been easier. Offering over 2,000 colours, finishes, and wallpapers, Birla Opus allows individuals to transform their walls into expressions of their style. This wide selection helps create homes and offices that reflect their owners' aspirations and adds a touch of vibrancy and elegance to any space.</p><p>&nbsp;</p><div class="page-break" style="page-break-after:always;"><span style="display:none;">&nbsp;</span></div><figure class="image image_resized image-style-align-right" style="width:25%;"><img class="image_resized" src="https://www.cms.adityabirla.com/uploads/fashion_be3ff04854.webp" alt="fashion.webp"></figure><h3><strong>Dressing India’s dreams</strong></h3><p>India’s ambitious spirit is also expressed in the way it dresses. Aditya Birla Group’s fashion portfolio reflects the country’s evolving sense of style—from heritage brands like <a href="/businesses/brands/van-heusen/">Van Heusen</a> and <a href="/businesses/brands/louis-philippe/">Louis Philippe</a> to collaborations with high-end designers like Sabyasachi and Tarun Tahiliani. The Collective brings the latest trends from across the world to Indian high streets, while the Masaba brand lets wearers express a uniquely Indian voice in global fashion. And with Indriya, Aditya Birla Groups’s jewellery brand, elegance takes on a new glitter as wearers find exquisite ways to express their personal style.</p><p>Through these brands, the Group isn’t just styling a nation—it is enabling millions to present their best selves, wherever they go.</p><h3><br><strong>A world of flavours</strong></h3><p>Today the Indian palate is aspirational in its taste for global cuisines. With renowned dining experiences like Hakkasan, Yauatcha, and Nara Thai, <a href="/businesses/companies/aditya-birla-new-age-hospitality-abnah/">Aditya Birla New Age Hospitality</a> redefines fine dining, bringing flavours from around the world to discerning diners at home. Each restaurant provides an experience that nourishes both body and soul, blending world-class culinary skills with local tastes.</p><p>Their latest addition is Ode, a signature dining experience created by Chef Rahul Akerkar, which combines authenticity with creativity, allowing guests to enjoy good food, great company, and the simple pleasure of a well-prepared meal. The Group also contributes to food science through Aditya Birla Chemicals, which enhances the flavours and quality of kitchen products across the country.</p><h3><br><img class="image_resized image-style-align-left" style="width:20%;" src="https://www.cms.adityabirla.com/uploads/stock_88d242caa5.webp" alt="stock.webp"><strong>Securing the future</strong></h3><p>As aspirations grow, so does the need for financial stability and security. Aditya Birla Capital addresses this need with a wide range of financial solutions, including investments, loans, insurance, and payment options. The Group helps Indians plan for their dreams, ensuring that every milestone—whether it’s funding a child’s education, taking a family vacation, or preparing for retirement—is within reach. By focusing on financial wellbeing, it empowers individuals and families to live confidently today, and in the future.</p><p>&nbsp;</p><h3><br><strong>A legacy of Good Living</strong></h3><p>The Group’s offerings support India’s journey toward Good Living and reflect the pride of a country on the rise. Every brand, every product, is crafted to meet the high standards of a modern, ambitious India that stands proudly on the global stage.</p><p>As the country reaches for greater heights, Aditya Birla Group stands as a force for good, committed to empowering dreams, fostering pride, and elevating lives. Together, they are building a better India, where Good Living isn’t just a goal—it’s a way of life.</p>

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Shaping the Good Living dream

<p>From modest beginnings to its recent historic milestone, UltraTech Cement's journey is one for the books. This is the story of how UltraTech became India's number one cement manufacturer and brand.</p><p>In April 2024, <a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement Limited</a> surpassed 150 MTPA production capacity for grey cement. This milestone—more than 150% of the United States' reported cement capacity, and 80% of Europe’s reported cement capacity (<a target="_blank" rel="noopener noreferrer" href="https://cembureau.eu/about-our-industry/key-facts-figures/">as of 2022</a>)—is a result of decades of bold decisions, all aimed at transforming a modest cement company into the global leader it is today.</p><p>UltraTech Cement’s story is one of calculated risks, strategic acquisitions, and a historic pursuit of growth. Today, the company stands as India’s largest cement producer and a global powerhouse.&nbsp;</p><p>&nbsp;</p><h3>The 200 MTPA dream</h3><p>With the recent milestone, UltraTech's journey is far from over. In its recent Q2FY25 financial results, the company highlighted its capacity expansion drive is on a scale that is globally unprecedented in the cement sector. With the completion of the ongoing expansion projects across India by FY27, and receipt of statutory approvals for the acquisitions of Kesoram Cement (10.75 MTPA) and The India Cements (14.45 MTPA), UltraTech’s total cement capacity will surpass 200 MTPA. This ambition is driven by the company’s commitment to growth, based on a robust foundation of strategic expansions and a future-focused vision.&nbsp;</p><p>On 30th October 2023, when the UltraTech Cement’s board approved an investment of INR 13,000 crores towards increasing the capacity by another 21.9 MTPA with a mix of brown field and green field projects, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group had said, “Over the past seven years, UltraTech has strategically invested over INR 50,000 crores to support India's rapidly changing infrastructure landscape. Our fresh commitment of INR 13,000 crores underscores our deep-rooted belief in India's economic potential. With each investment, we have not only expanded our footprint but also powered India’s needs for housing, roads, and other vital infrastructure…Earlier this year, I had articulated our ambition to reach a capacity of 200 MTPA, and this expansion marks a pivotal step in that direction. With this round of capex UltraTech reinforces its position as one of the largest cement companies in the world and a national champion”.</p><p>&nbsp;</p><h3>Cementing Success</h3><p>2023 marked an extraordinary achievement as UltraTech recorded 100 million tonnes of grey cement sales in a single financial year—just five years after crossing the 100 MTPA production capacity milestone. This feat came on the heels of UltraTech's continued expansion efforts and its transformation from a leading manufacturer of grey cement and ready-mix concrete into a comprehensive building solutions provider.&nbsp;</p><p>&nbsp;</p><h3>Global Expansion and Industry Consolidation</h3><p>In 2019, UltraTech became the first company outside of China to achieve more than 100 MTPA capacity in a single country, following the merger with <a href="/businesses/companies/century-textiles/">Century Textiles &amp; Industries Ltd.</a> This milestone was not just about numbers; it solidified UltraTech’s position as a global cement giant, with a capacity of 116.75 MTPA.</p><p>The journey to this point included multiple landmark acquisitions, such as the takeover of Binani Cement in 2018, which boosted UltraTech’s capacity to 102.75 MTPA, and the acquisition of Jaypee Cement in 2017, which expanded capacity by 21.2 MTPA.&nbsp;</p><p>By 2017, UltraTech had become not only the largest cement company in India but also the fourth-largest globally, excluding China.</p><p>&nbsp;</p><h3>Aggressive Capacity Building and Innovation</h3><p>UltraTech’s growth wasn’t just about acquisitions. The company consistently invested in capacity building through greenfield and brownfield expansions. Between 2010 and 2016, UltraTech made significant strides, commissioning new grinding units, expanding its footprint in regions like Chhattisgarh and Karnataka, and making strategic investments in bulk terminals in Maharashtra and Kerala. These efforts pushed UltraTech’s capacity to 66.3 MTPA by 2016, making it the largest single cement company in India at the time.</p><p>In 2010, UltraTech also ventured beyond Indian borders, acquiring Star Cement in the Middle East, which added to its capacity and international presence. This period marked the company’s foray into global markets, further enhancing its reputation as a cement powerhouse.</p><p>&nbsp;</p><h3>The Pivotal L&amp;T Acquisition</h3><p>One of the most defining moments in UltraTech’s history was the 2004 acquisition of L&amp;T’s cement business. The controversial takeover, which was met with resistance at the time, became a game-changer for UltraTech. This acquisition not only brought in an additional 30.04 MTPA capacity but also firmly established UltraTech as a major player in the <a target="_blank" rel="noopener noreferrer" href="https://www.cms.adityabirla.com/businesses/sectors/cement/">cement industry</a>.&nbsp;</p><p>The company’s capacity stood at 48.9 MTPA by 2008, marking a period of intense growth fuelled by greenfield projects, brownfield expansions, and debottlenecking initiatives.<br>The Foundation: Vikram Cement and Early Growth</p><p>But this remarkable journey began far earlier, in the mid-1980s, when Grasim Industries, part of Aditya Birla Group, established its first cement plant under the name Vikram Cement. Around the same time, Indian Rayon launched Rajashree Cement, marking the group's early ventures into the cement industry. By the late 1990s, the two businesses merged, creating a combined capacity of 8.5 MTPA.</p><p>From these humble beginnings, UltraTech’s leadership set its sights on ambitious growth, laying the groundwork for future expansions and acquisitions that would propel the company to global dominance.</p><p>&nbsp;</p><h3>Looking Back, Moving Forward</h3><p>UltraTech’s journey from Vikram Cement to a 150 MTPA colossus is a testament to the vision, strategy, and determination that define the company’s DNA. Over the years, UltraTech has continuously raised the bar, showing what’s possible when a company commits itself to bold ideas and long-term growth. The story of UltraTech Cement is far from over—its next chapter is being written as it marches towards the 200 MTPA milestone, poised to continue its legacy of transforming the cement industry worldwide.</p>

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