Hindalco Industries Ltd.
-0.50 (-0.05%) Hindalco Industries reports 60% fall in Q2 consolidated net profit
Date: 10-11-2020Hindalco Industries has reported results for second quarter ended September 30, 2020.
The company has reported over 2- fold jump in its net profit of Rs 198 crore for the quarter under review as against net profit of Rs 78 crore for the same quarter in the previous year. However, total income of the company decreased 4.65% at Rs 9684 crore for Q2FY21 as compared Rs 10156 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 60.27% fall in its net profit attributable to owners at Rs 387 crore for the quarter under review as against net profit of Rs 974 crore for the same quarter in the previous year. However, total income of the company increased by 5.29% at Rs 31528 crore for Q2FY21 as compared Rs 29944 crore for the corresponding quarter previous year.