Hindalco falls after declaring weak Q4 result

Hindalco Industries fell 2.24% to Rs 131.10 at 14:57 IST on BSE after net profit fell 35.71% to Rs 159.53 crore on 11.03% growth in total income to Rs 9601.63 crore in Q4 March 2015 over Q4 March 2014.

The result was announced during market hours today, 28 May 2015.

Meanwhile, the BSE Sensex was down 151.59 points, or 0.55%, to 27,413.07

On BSE, so far 7.01 lakh shares were traded in the counter, compared with an average volume of 6.70 lakh shares in the past one quarter.

The stock hit a high of Rs 133.90 and a low of Rs 130.20 so far during the day. The stock hit a 52-week high of Rs 198.70 on 25 July 2014. The stock hit a 52-week low of Rs 123.50 on 16 March 2015.

The large-cap company has an equity capital of Rs 206.50 crore. Face value per share is Re 1.

Hindalco Industries' PBITDA (profit before interest, taxation, depreciation and amortization) rose 1.98% to Rs 1078 crore in Q4 March 2015 over Q4 March 2014.

Hindalco said there was an exceptional expenditure of Rs 146 crore in Q4 March 2015 consisting of liability provided towards Renewable Power Obligations (RPO). There was an exceptional expense of Rs 396 crore in Q4 March 2014.

Hindalco, a part of Aditya Birla Group, is the aluminium rolling company. It is one of the three biggest producers of primary aluminium in Asia with the largest single location copper smelter.

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