Live Breaking News & Updates on Hindalco Q3 Earnings
Stay updated with breaking news from Hindalco q3 earnings. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hindalco Q3 Preview: Robust Aluminium Business, Higher Commodity Prices May Double Profit moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Explore Now Mumbai: Aditya Birla group’s flagship company Hindalco Industries Ltd reported a 77% year-on-year jump in consolidated net profit for the December quarter at Rs 1,877 crore as against a net profit of Rs 1,062 crore during the same quarter last year, mainly on account better volumes from India operations and record-high shipments from Novelis. “Novelis achieved record shipments, driven by strong demand across product end markets. The India Business delivered an excellent performance with Aluminium value-added products continuing to record higher volumes,” said Satish Pai, Managing Director, Hindalco Industries. With growing profits and rising share of steady cash-generating aluminum conversion business, Hindalco has announced that it will come up with a capital allocation plan, which will also include regularly sharing profits with the shareholders. ....