Hindalco Industries Q4 net profit falls 37% YoY to ₹2,411 crore

Hindalco Industries on Wednesday reported a 37 per cent fall in its consolidated net profit to Rs 2,411 crore for the March quarter. The company had posted a net profit of Rs 3,860 crore during the January-March quarter of 2021-22, the company said in a regulatory filing.

Total income of the company was Rs 56,209 crore in the quarter under review against Rs 56,057 crore in the year-ago quarter.

The expenses were at Rs 53,372 crore, higher than Rs 51,026 crore a year ago.

Aditya Birla Group company Hindalco Industries is the world's largest aluminium company by revenue, and a major player in copper serving more than half of India's copper requirement.

Hindalco shares were trading 0.85 per cent down at Rs 406.70 on BSE in the pre-close session.

SEE ALSO:

First amongst equals: This Adani group stock completely recovers from the Hindenburg effect

Rajiv Singh of DLF to Lodha family: Meet India’s top 10 real estate billionaires

GQG Partners’ Rajiv Jain doubles down on his Adani bet