Hindalco, the world’s largest aluminium maker has announced around 12 percent year-on-year jump in profit to Rs 474 crore during June quarter, despite a challenging environment. The bottomline got a boost from higher other income of Rs 428 crore. The company had reported Rs 301 crore as other income in the year-ago period.
Net sales declined over 3 percent Y-o-Y to Rs 5766 crore.
The Aditya Birla Group’s flagship company said, its EBITDA margins improved by 300 bps to 7 percent.
Shares of the company declined 1.5 percent to Rs 92.25 post earnings announcement. Read This: Buy Hindalco Industries: Sudarshan Sukhani
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