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Hindalco Industries’ net registers 16% growth for Q2 at Rs 502.52 crore

11 Nov 2011 Evaluate

Hindalco Industries, the flagship of the Aditya Birla Group, has reported results for the quarter ended September 30, 2011.

The Company’s net profit for the quarter has jumped up by 15.84% at Rs 502.52 crore as compared to Rs 433.81 crore for the corresponding quarter of the previous year. Company’s total income has increased moderately by 8.51% at Rs 6447.95 crore for the second quarter of the FY12 from Rs 5942.04 crore for second quarter of FY11.

Hindalco's other income was higher by Rs 94 crore due to improved treasury yield and included a Rs 60 crore dividend received from Dahej Habour and Infrastructure, Hindalco's wholly-owned subsidiary. For the half year ended September 30, 2011, revenues rose by 11% to Rs 12,303 crore while net profit went up by 18% to Rs 1,147 crore.

Hindalco Share Price

1038.95 -0.70 (-0.07%)
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