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Hindalco sees consolidated debt peak at ₹80,000 crore, targets Novelis leverage at 2.5x by FY31

Reported by: BusinessLine ·

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Hindalco

Summary

BusinessLine reported that Hindalco expects its consolidated debt to peak at ₹80,000 crore, and that it is targeting leverage at its Novelis unit of 2.5x by FY31. The outlet said debt reduction should accelerate next quarter as major projects near completion, EBITDA improves and stronger free cash flow funds repayment. Consolidated debt means borrowings across the company and its subsidiaries taken together, not of one unit alone. Leverage of 2.5x means debt of about 2.5 times a measure of earnings; FY31 is the financial year ending March 2031. EBITDA is earnings before interest, tax, depreciation and amortisation, a rough gauge of operating profit. Free cash flow is the cash left after running the business and capital spending. The report gives no figure for current debt or for the EBITDA level.

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BusinessLine  · · Tone 0

Hindalco sees consolidated debt peak at ₹80,000 crore, targets Novelis leverage at 2.5x by FY31

Debt reduction should accelerate next quarter as major projects near completion, EBITDA improves, and stronger free cash flow funds debt repayment

Some headlines quote an analyst. Those views are theirs, not ours.

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  • EBITDA

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