india

Hindalco net rises 54% on lower costs

Kumar Mangalam Birla-led Hindalco Industries reported a 54% jump in its second quarter consolidated net profit to Rs. 725 crore on lower finance costs and higher realisations.

However, on a stand-alone basis, the profit fell 21.37% to Rs. 309 crore on account of higher input costs.

The higher consolidated profit came on a 5% growth in revenue and EBITDA to Rs. 10,833 crore and Rs. 1,992 crore respectively.

The performance came on the back of supporting macros, improvement in operational efficiencies and better realisation. This was despite increase in input costs

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