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.