Hindalco Q3 net down 23% at Rs 334 cr

Hindalco Industries, an aluminium manufacturing company, reported a 23% drop in net profit at Rs 334 crore for the quarter ended December 2013. It was Rs 433 crore in the same period a year ago.

However, the net sales increased 6% to Rs 7,201 crore as against Rs 6,789 crore in December 2012.

On Thursday at 1505 hours, the company stocks on BSE were trading 2.4% lower at Rs 101 apiece.