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Hindalco Industries reports 28% fall in Q1 consolidated net profit

10 Aug 2019

Hindalco Industries has reported results for first quarter ended June 30, 2019.

The company has reported a fall of 94.54% in its net profit at Rs 22.58 crore for the quarter under review as compared to Rs 413.53 crore for the same quarter in the previous year. Total income of the company decreased marginally by 4.11% at Rs 10,256.02 crore for Q1FY20 as compared Rs 10,695.22 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 27.92% in its net profit at Rs 1,062.89 crore for the quarter under review as compared to Rs 1,474.69 crore for the same quarter in the previous year. Total income of the company decreased marginally by 3.00% at Rs 30,268.20 crore for Q1FY20 as compared Rs 31,205.61 crore for the corresponding quarter previous year.

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SEBI Registered: Investment Adviser - INA000013323

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