Hindalco Q4 net profitdips 25% | business | Hindustan Times
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Hindalco Q4 net profitdips 25%

business Updated: May 28, 2013 21:27 IST
HT Correspondent

Aditya Birla group company Hindalco Industries on Tuesday reported a 25% year-on-year fall in standalone net profit to Rs 482 crore for the fourth quarter ended March 31, 2013 and an 8.5% drop in income to Rs 6,994 crore, despite a rise in aluminium and copper sales.

The company does not report consolidated quarterly figures.

Hindalco’s annual consolidated net profit for 2012-13, including that of its overseas subsidiaries Novelis Inc and Aditya Birla Minerals, declined 11% to Rs 3,027 crore and revenue dropped 0.8% to Rs 80,193 crore compared to the previous year.

The company cited weak global demand due to economic sluggishness, a drop in metal prices and high input costs as factors behind the sag in profits.