Hindalco Industries Q2 Results
Hindalco Q2 net profit down 31% on one-time exceptional loss of Rs 256 cr
The company informed that the new lower corporate tax option cannot be availed for its India operations for atleast next 5-7 years due to its existing MAT credit
 "Hindalco Q2 net profit down 31% on one-time exceptional loss of Rs 256 cr")
Hindalco Q2 profit at Rs 393 cr, down 11% due to one-time loss
Hindalco Industries, the country's largest aluminium producer, reported lower-than-expected net profit of Rs 393 crore in the September quarter, down 11 percent from corresponding period last year as exceptional provisioning of Rs 106 crore on various judgements pronounced by the apex court impacted the bottomline.Topline of the Aditya Birla Group company stood at Rs 10,308 crore in the period under review, up 8 percent 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 was seen at Rs 10,716 crore in the September quarter, while net profit was expected to be at Rs 495 crore.Standalone aluminium revenue in the quarter gone by stood at Rs 5,213 crore, with earnings before interest, taxes, depreciation and ammortisation (EBITDA) having grown 18 percent to Rs 957 crore on year-on-year basis due to supporting macro ...
 "Hindalco Q2 profit at Rs 393 cr, down 11% due to one-time loss")
Hindalco Industries Q2 profit down 11% at Rs 393 cr
The aluminium maker had posted a profit of Rs 439.7 crore in the corresponding quarter of previous fiscal
