Hindalco Q2 profit at Rs 393 cr, down 11% due to one-time loss

Judgements pronounced by Supreme Court impact company's bottomline

Hindalco Industries, the country's largest aluminium producer, reported lower-than-expected net profit of Rs 393 crore in the September quarter, down 11 per cent from corresponding period last year as exceptional provisioning of Rs 106 crore on various judgements pronounced by the apex court impacted the bottomline.

The topline of the Aditya Birla Group company stood at Rs 10,308 crore in the period under review, up 8 per cent from the same period last year as higher volumes and increased realisations across both the segments (aluminium and copper) lent firm support to the company's revenue stream.

As per Bloomberg estimates, the company's revenue