Hindalco, the flagship company of the Aditya Birla Group, has posted an increase of 16 per cent in its net profit at Rs 696 crore for the quarter ended June 30, 2008 as compared to Rs 598 crore during the corresponding previous quarter.
During the quarter, the company’s total income increased to Rs 4862 crore million from Rs 4809 crore against the corresponding previous quarter.
The company reported mark-to-market losses on outstanding derivative instruments for the quarter at Rs 115 crore arising from hedging transactions.