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Hindalco Industries first-quarter profit falls about 1.6 percent

Reuters 

REUTERS - Hindalco Industries Ltd, India's biggest producer of aluminium and copper, posted an about 1.6 percent fall in quarterly net profit on Friday.The profit fell to 2.90 billion rupees ($45.2 million) in the first quarter ended June 30, from 2.94 billion rupees a year earlier, the company said. (http://bit.ly/2voUCxw)The profit included a 1.04 billion rupees provision related to a Supreme Court ruling on mining regulation, the company said.The company shares were down 5.4 percent at 225.15 rupees at 0815 GMT.($1 = 64.1275 Indian rupees) (Reporting by Jessica Kuruthukulangara in ...

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First Published: Fri, August 11 2017. 13:57 IST
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