Hindalco Industries rose 3.98% to Rs 240.25 at 15:12 IST on BSE after the company declared robust Q2 result during market hours today, 2 November 2018.
Meanwhile, the S&P BSE Sensex was up 613.98 points, or 1.78% to 35,045.95
On the BSE, 22.87 lakh shares were traded in the counter so far compared with average daily volumes of 4.06 lakh shares in the past two weeks. The stock had hit a high of Rs 244.20 and a low of Rs 231.45 so far during the day. The stock hit a record high of Rs 283.95 on 5 January 2018. The stock hit a 52-week low of Rs 192.50 on 23 July 2018.
Profit after tax of Hindalco Industries along with Utkal Alumina surged 54% to Rs 725 crore in Q2 September 2018 over Q2 September 2017. EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) rose 5% to Rs 1922 crore.
Hindalco Industries said that the performance rode on the back of supporting macros, improvement in operational efficiencies and better realisation. This was despite increase in input costs, mainly of coal and furnace oil.
Hindalco Industries, the metals flagship company of the Aditya Birla Group, is a leading player in aluminium and copper manufacturing. It is the world's largest aluminium rolling company and one of Asia's biggest producers of primary aluminium.
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