Hindalco FY11 net down 37%

Hindalco Industries, a part of the Aditya Birla group, on Monday announced a 37% fall in consolidated net profit to Rs 2,456.0 crore for the year ended March 2011 against Rs 3,925.0 crore in the previous year due to higher capital expenditure, increased input cost and hardening interest rates. HT reports.

Hindalco Industries, a part of the Aditya Birla group, on Monday announced a 37% fall in consolidated net profit to Rs 2,456.0 crore for the year ended March 2011 against Rs 3,925.0 crore in the previous year due to higher capital expenditure, increased input cost and hardening interest rates.

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On standalone basis its net profit grew by 11.5% to Rs 2,137.0 crore in year ended March 2011 against Rs 1,916.0 crore a year ago.