Hindalco Industries reports 38% jump in FY12 consolidated net profit

28 Jun 2012 Evaluate

Aditya Birla Group flagship Hindalco Industries has reported 38.29% jump in consolidated net profit in 2011-12 at Rs 3,396.95 crore as compared to Rs 2,456.37 crore net profit in the 2010-11 fiscal. The net profit of the company is increased on good show by subsidiary, Novelis and copper business in India.

Moreover, the consolidated turnover during FY’12 rose by 12.22% over the previous fiscal at Rs 81,604.44 crore. The company had reported Rs 72,715.60 crore net profit in the 2010-11 fiscal.

Meanwhile, Net sales at Novelis were up by 5% at $11.1 billion compared to $10.6 billion reported a year ago. The company attributed the growth mainly to increase in average aluminium prices.

Hindalco Share Price

623.75 -5.75 (-0.91%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 623.75
Vedanta 477.50
Hindustan Zinc 469.35
Gravita India 2330.25
Ram Ratna Wires 580.35
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.