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Hindalco Industries reports 21% fall in Q2 net profit

Hindalco Industries reports 21% fall in Q2 net profit

Hindalco Industries has reported results for second quarter ended September 30, 2018.

The company has reported 21.44% fall in its net profit at Rs 308.62 crore for the quarter under review as compared to Rs 392.85 crore for the same quarter in the previous year. However, total income of the company increased by 5.08% at Rs 11,034.36 crore for Q2FY19 as compared Rs 10,500.69 crore for the corresponding quarter previous year.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.