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Hindalco Industries reports 31% fall in Q1 net profit

16 Aug 2014 Evaluate

Hindalco Industries has reported results for first quarter ended June 30, 2014.

The company’s net profit has declined by 30.92% at Rs 327.50 crore as compared to Rs 474.09 crore for the quarter ended June 30, 2013. However, its total income has increased by 31.06% to Rs 8212.44 crore for the quarter under review from Rs 6265.87 crore for the corresponding quarter of the previous year.

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.

Peers
Company Name CMP
Hindalco Industries 973.20
Vedanta 256.00
Hindustan Zinc 568.45
Jain Resource Recycl 274.70
CMR Green Tech 212.30
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