Lower finance cost boosts Hindalco Industries and Utkal Q3 net 47% to Rs 713 crore
Hindalco Industries on Tuesday reported a 47.3 percent year-on-year (YoY) jump in net profit at Rs 713 crore for the December 2018 quarter.
Aditya Birla Group company, Hindalco Industries, on Tuesday reported a 47.3 percent year-on-year (YoY) jump in net profit at Rs 713 crore for the December 2018 quarter, on lower finance costs.
The figure included numbers from its Utkal Alumina unit.
In the corresponding quarter last year, the company posted a net profit of Rs 484 crore.
Total revenue rose to Rs 11,938 crore for the third quarter of 2018-19 against Rs 11,044 crore in same period last year, Hindalco said in a regulatory filing.
The earnings before tax, depreciation, and amortisation (EBITDA) grew 3.5 percent to Rs 1,926 from Rs 1,861 crore in the same period last fiscal.
At 2.17 PM IST, the shares of Hindalco Industries were trading at Rs 200.60, up 0.63 percent on BSE Sensex.
First Published: Feb 12, 2019 2:06 PM IST
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