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indalco Industries reported The board of has 38% growth in consolidated recommended dividend of ` 1.55 per KUMAR MANGALAM BIRLA Hnet profit to ` 3397 crore on share for FY 2012. Chairman, 12% growth in revenue from operations Hindalco Industries also said that the We are 'last man standing', to ` 80821.40 crore in the year ended company has completed issuance of will be 'first man forward': March 2012 (FY 2012) over the year Secured Redeemable Non-convertible ended March 2011 (FY 2011). The Debentures amounting to `1500 crores While admitting that an "extended pause company said the increase in net profit on private placement basis at the coupon in reforms" and some other policy moves was primarily attributable to strong of 9.55% per annum. The proceeds of the have clouded the business sentiments in performance of its US unit and issue will be used, for general, business India, Birla says that Aditya Birla Group copper business in India. The top line purposes including capital expenditure, delivered a "solid performance" in 2011- growth was driven by better product mix working capital, refinancing of existing 12 despite a choppy global economy and and depreciating rupee, Hindalco said. debt. The debentures are proposed to be its turnover grew by 14 per cent to cross The result was announced after market $40 billion. He said, "Over the years, we listed on WDM segment of National hours on 27 June 2012. have through determined and deliberate Stock Exchange of India, Hindalco said. effort come to be in this position of being Hindalco Industries said that despite Segment Performance the 'Last Man Standing', almost across economic headwinds during the year, Of the total annual revenues of the balanced portfolio approach, low each of our businesses. And when we do `80,821 crore, aluminium business cost operation and strong value added face a downturn today, from our position contributed ` 62,119 crore, up 11 of strength, the message I want to convey businesses resulted in commendable percent over the last year. Earnings is that, the last man standing has the performance. With the low cost before Interest and Taxes (EBIT) for best chance at being the first man advantage and formidable global aluminium business for FY12 remained presence in aluminium downstream, forward. The first man forward to flat at ` 4,495 crore compared to `4,469 consolidate market positions, to show Hindalco is well set for being the Last crore in FY11. Strong growth in Novelis superior performance in each industry Man Standing and the First Man EBIT was offset by lower EBIT in Indian and get a few steps ahead of Forward, Hindalco said. aluminium business. Copper business competition." Birla would be among the Hindalco Industries' US based wholly revenue is higher at 18,379 crore, a few business leaders to have expressed ` owned subsidiary, Novelis Inc., reported rise of 16 per cent from `15,887 crore in confidence of continued growth strong operating results in FY 2012 momentum despite a gloomy economic FY11, mainly on account of higher despite challenging market conditions scenario prevailing currently. "India's copper LME and by-product credits. globally. The premium product portfolio, economy is poised delicately. EBIT of ` 1,119 crore vs. ` 1,082 crore in long-term customer base and focused The extended pause in reforms, together FY11 was on the back of superior with some recent retrograde policy business model enabled Novelis to performance of custom smelting moves, have clouded business sentiment," produce solid results for the year. operations in India. he said.

04 July 2012