Hindalco Q1 net up 59%

The total income rose 94.20 per cent to Rs 4351.3 crore for the first quarter in 2006-07 from Rs 2240.6 crore in the year-ago period, the company informed the Bombay Stock Exchange.

Hindalco Industries Ltd, the flagship company of the Aditya Birla Group, on Friday reported a 58.62 per cent increase in net profit at Rs 601.5 crore for the quarter that ended on June 30, as compared to Rs 379.2 crore for the corresponding quarter in FY 05-06.

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The total income rose 94.20 per cent to Rs 4351.3 crore for the first quarter in 2006-07 from Rs 2240.6 crore in the year-ago period, the company informed the Bombay Stock Exchange.

The shares of the company were trading at Rs 167.25, up 0.94 per cent on the BSE on Friday.