1. Hindalco Q3 net profit rises 7.5% at Rs 359 crore

Hindalco Q3 net profit rises 7.5% at Rs 359 crore

Aluminium maker Hindalco Industries reported 7.5 per cent rise in net profit for the third quarter at Rs 359.36 crore despite a significant increase in finance costs.

By: | Mumbai | Updated: February 12, 2015 4:14 PM
Hindalco, Hindalco Q3, hindalco profit, Hindalco net profit

Shares of the company were trading 1.47 per cent up at Rs 152.05 apiece during afternoon session on the BSE. (PTI)

Aluminium maker Hindalco Industries reported 7.5 per cent rise in net profit for the third quarter at Rs 359.36 crore despite a significant increase in finance costs.

The Aditya Birla Group flagship company had reported Rs 333.98 crore net profit during the October-December quarter of the last fiscal, it said in an exchange filing.

Net sales of the company rose to Rs 8,471.71 crore in the reporting quarter from Rs 7,200.96 crore a year earlier.

While expenses increased to Rs 7,825.96 crore during the quarter from Rs 6,843.41 crore a year earlier, higher finance costs took the sheen away from the company’s bottomline.

Finance costs for the company went up to Rs 447.47 crore from Rs 165.16 crore a year ago.

Shares of the company were trading 1.47 per cent up at Rs 152.05 apiece during afternoon session on the BSE.

Tags: Hindalco
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