Hindalco Industries Ltd Q1FY24; 40% fall in Profits

Incorporated in 1958, Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also
engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc.

Financial Results:

• Hindalco Industries Ltd reported Revenues for Q1FY24 of ₹52,991.00 Crores down from ₹58,018.00 Crore year on year, a fall of 8.66%.
• Total Expenses for Q1FY24 of ₹50,055.00 Crores down from ₹52,185.00 Crores year on year, a fall of 4.08%.
• Consolidated Net Profit of ₹2,454.00 Crores down 40.42% from ₹4,119.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹10.92, down 40.43% from ₹18.33 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.