Thursday 13 February 2014

Hindalco Industries reports 23% fall in Q3 net profit

Hindalco Industries has reported results for third quarter ended December 31, 2013.

The company has reported 22.96% fall in its net profit at Rs 333.98 crore for the quarter, as compared to Rs 433.52 crore for the same quarter in the previous year. However, total income of the company increased marginally by 3.99% at Rs 7477.28 crore for the quarter under review as compared to Rs 7189.80 crore for the quarter ended December 31, 2012.

Hindalco Industries, the metals flagship company of the Aditya Birla Group, is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.

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