Hindalco Industries Ltd.

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.