Hindalco Industries Limited Q3 FY23; Net Profit Down By 63%

Hindalco Industries Limited (NSE: HINDALCO) reported Revenue from Operations for Q3 FY23 of ₹53,151 Crore up from ₹50,272 Crore year on year, a growth of 6%. The Revenue was driven by Novelis segment which increased by 8% up to ₹34,685 Crore. Consolidated Net Profit of ₹1,362 Crore, down 63% from ₹3,660 Crore in the same quarter of the previous year. The Earnings per Share is ₹6.13 for this quarter.