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Hindalco Industries reports 38% jump in FY12 consolidated net profit

28 Jun 2012 Evaluate

Aditya Birla Group flagship Hindalco Industries has reported 38.29% jump in consolidated net profit in 2011-12 at Rs 3,396.95 crore as compared to Rs 2,456.37 crore net profit in the 2010-11 fiscal. The net profit of the company is increased on good show by subsidiary, Novelis and copper business in India.

Moreover, the consolidated turnover during FY’12 rose by 12.22% over the previous fiscal at Rs 81,604.44 crore. The company had reported Rs 72,715.60 crore net profit in the 2010-11 fiscal.

Meanwhile, Net sales at Novelis were up by 5% at $11.1 billion compared to $10.6 billion reported a year ago. The company attributed the growth mainly to increase in average aluminium prices.

Peers
Company Name CMP
Hindalco Industries 942.30
Vedanta 258.90
Hindustan Zinc 565.30
Jain Resource Recycl 292.60
CMR Green Tech 225.00
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