Hindalco Industries Ltd.
-20.70 (-2.17%) Hindalco Industries reports 40% fall in Q1 consolidated net profit
Date: 08-08-2023Hindalco Industries has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 58.56% fall in its net profit at Rs 600 crore for the quarter under review as compared to Rs 1448 crore for the same quarter in the previous year. However, total income of the company increased by 2.64% at Rs 20129 crore for Q1FY24 as compared Rs 19611 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 40.42% fall in net profit at Rs 2454 crore for the first quarter ended June 30, 2023 as compared to Rs 4119 crore for the same quarter in the previous year. Total income of the company decreased by 8.32% at Rs 53382 crore for Q1FY24 as compared Rs 58229 crore for the corresponding quarter previous year.