Hindalco Industries, the diversified metals producer and flagship company of the Aditya Birla Group, has posted a 7.56 per cent rise in net profit at Rs 642.80 crore for the September quarter, as compared with Rs 597.6 crore in the corresponding period last year. | |
| Net sales during the quarter rose to Rs 4,959.70 crore from Rs 4,634.20 crore, up 7.02 per cent. |
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| Increased metal production, debottlenecking of smeltor assets and measures to reduce input costs contributed to better profits. |
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| But the company continues to feel the pressure from a strengthening rupee and the decrease in import duty on aluminium. |
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| "It has been one of the toughest quarters we have faced and this situation is likely to continue," said Managing Director D Bhattacharya. |
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| He said total costs of projects planned till 2013 will amount to about $ 6-7 billion (more than Rs 25,000 crore). |
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