Order book visibility signaling fresh aluminium, copper demand: Hindalco

Company reports higher-than-expected Q3 PAT at Rs 1,877 crore, up 77% YoY

With order book visibility getting strong, Hindalco Industries is of the view that the demand bounce back to pre-Covid levels is sustainable and is not pent-up in nature across sectors.

“The order flow coming in is fresh three-month and six-month forward looking orders and none are old orders that are being revived. So clearly, the signs are of fresh demand coming up. These signs are across segments—in aluminium as well as in copper,” Satish Pai, managing director of Hindalco Industries told Business Standard.

Hindalco Industries today reported higher-than-expected consolidated net profit of Rs 1,877 crore in the December quarter, up