Aluminium major Hindalco Industries announced its January-March quarter results for the financial year 2020-21 on Friday, May 21, reporting a net profit of Rs 1,928 crore on a consolidated basis, driven by a robust performance of Novelis and the country’s aluminium business. Reporting a profit of Rs 668 crore in the same quarter of the previous fiscal, the Aditya Birla group company’s net profit jumped 189 per cent – almost three times in the March quarter on a year-on-year basis. (Also Read: Hindalco Q3 Results: Net Profit Rises 90% To Rs 2,021 Crore In December Quarter )
According to a regulatory filing by the company to the stock exchanges, the revenue on a consolidated basis stood at Rs Rs 40,507 crore in the March quarter, compared to Rs Rs 29,318 crore in the year-ago period, marking a growth of 38 per cent.
On Friday, May 21, the share price of Hindalco Industries settled 1.22 per cent higher at Rs 389.85 apiece on the BSE. Hindalco Industries opened the trading session at Rs 389.90, swinging to an intra day high of Rs 392 and an intra day low of Rs 383.60 throughout the trading session.