Hindalco Q4 net profit drops 48.51% to Rs 248.15 crore

Tags: News
Leading metals producer Hindalco Industries today reported a 48.51 per cent decline in standalone net profit to Rs 248.15 crore in the fourth quarter ended March 31, mainly due to exceptional items.

The flagship firm of the Aditya Birla group had reported a profit of Rs 482.03 crore in the fourth quarter of 2012-13.

Profit was lower mainly on account of exceptional items of about Rs 396 crore, the company said in a statement.

The exceptional items relate to levies of Rs 324 crore as Uttar Pradesh entry tax and Rs 72 crore in Madhya Pradesh, the company said, adding it has contested both in the Supreme Court.

Hindalco's revenue from operations rose 20.60 per cent to Rs 8,435.06 crore as both the aluminium and copper segments reported increased sales, it said in a BSE filing.

Aluminium production in Q4 at 175 Kt reflects the ramping up of capacity in Mahan, company said, adding that copper cathode production was recorded at 96 Kt.

"There has been an all-round improvement in performance in volumes and results in both the businesses of the company," it said.

Total expenses increased 20 per cent to Rs 7,835 crore.

For the year ended March 31, Hindalco reported a 16.82 per cent drop in standalone net profit to Rs 1,413.33 crore. Net sales increased to Rs 27,850.93 crore from Rs 26,056.93 crore in 2012-13.

On a consolidated basis, Hindalco's net profit declined 28.14 per cent to Rs 2,175.01 crore in 2013-14. The consolidated results include those of Novelis Inc, its wholly owned US subsidiary, and Aditya Birla Minerals Ltd, Australia.

The company said its greenfield projects Aditya Aluminium and Mahan Aluminium, as well as that of wholly owned subsidiary Utkal Alumina International Ltd, started operations during the year and are increasing output.

Hindalco shares gained 1.43 per cent to close at Rs 149.25 on the BSE.


  • Modi must clearly say that preservation of cows is not about manslaughter

    Instead of in-fighting between hindus and muslims, India should fight poverty and maintain its values of diversity and tolerance, as advised by Presid


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Urs Schoettli

America lacks will to contain China

Recently both the Chinese leader Xi Jinping and Indian prime ...

Zehra Naqvi

Exercise gets creative juices flowing

Ever known that feeling of being sluggish and drowsy, of ...

Bubbles Sabharwal

You are what you believe yourself to be

The Gita says a man is what his shraddha is. ...


William D. Green

Chairman & CEO, Accenture