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Hindalco Industries Q4 net declines by 24.98 percent

webindia123 2018-05-16 00:00:00
Aluminium Major, Hindalco Industries Ltd has reported a decline of 24.98 percent in its Standalone net profit for the quarter ended March 31, 2018 at Rs 376.97 crore as compared with net profit of Rs 502.52 crore for the same a year ago.

Total Income for the quarter under review stood at Rs 11,886.02 as compared with total Income of Rs 11,969.66 crore for the quarter ended March 31, 2017, marginally down by 0.69 percent operating income fell 7 percent to Rs 1,257 crore and margins contracted to 10.8 percent, on the back of declining prices of aluminium and copper. Aluminium price declined 11.6 percent in the quarter, while copper prices fell 7.8 percent.

Revenue from the aluminium business for the quarter under review fell marginally to Rs 5,512.9 crore as compared with revenue of Rs 5547.98 crore for the quarter ended March 31, 2017.

Revenue from copper business for the quarter under review declined marginally to Rs 6,170.2 crore as compared with revenue of Rs 6,202.20 crore for the quarter ended March 31, 2017.

UNI JS HK SHK 1625

-- (UNI) -- C-1-DL0171-1366513.Xml