Moneycontrol
    Moneycontrol PRO

    Hindalco Q1 profit up 21%, company lines-up CAPEX of $8bn

    Hindalco Industries, an Aditya Birla Group company has reported 21% increase (YoY) in its net profit at Rs 644 crore for the April-June quarter of FY12.

    August 12, 2011 / 20:35 IST

    Moneycontrol Bureau

    Aditya Birla-led Hindalco Industries reported a 21% increase (YoY) in its net profit at Rs 644 crore for the April-June quarter of FY12. 

    Debu Bhattacharya, director of Hindalco attributed improved operating efficiencies in the copper and aluminum businesses for the improved financial performance during the quarter.

    The net sales of the company in the Q1 grew 16% (YoY) at Rs 6,031 crore despite flat volumes, mainly on the back of higher London Metal Exchange (LME). The EBITDA of the company also grew 16% at Rs 1,045 crore.

    first published: Aug 12, 2011 06:58 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347