Hindalco Industries gains after Q2 results

Hindalco Industries rose 1.35% to Rs 153.70 at 14:02 IST on BSE after net profit fell 77.94% to Rs 78.77 crore on 33.30% increase in total income to Rs 8777.66 crore in Q2 September 2014 over Q2 September 2013.

The result was announced during trading hours today, 13 November 2014.

Meanwhile, the BSE Sensex was down 24.65 points, or 0.09%, to 27,984.25.

On BSE, so far 10.01 lakh shares were traded in the counter, compared with an average volume of 9.02 lakh shares in the past one quarter.

The stock hit a high of Rs 154.50 and a low of Rs 149.60 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 96.95 on 24 February 2014.

The stock had underperformed the market over the past one month till 12 November 2014, rising 0.97% compared with 6.51% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 18.31% as against Sensex's 8.22% rise.

The large-cap company has an equity capital of Rs 206.49 crore. Face value per share is Re 1.

Hindalco Industries' net profit was impacted by exceptional item of Rs 431 crore (net) in Q2 September 2014.

Profit before interest, depreciation and tax (PBITDA) rose 36.59% to Rs 1120 crore in Q2 September 2014 over Q2 September 2013.

Profit before tax and exceptional items rose 22.50% to Rs 539 crore in Q2 September 2014 over Q2 September 2013.

Hindalco-Novelis 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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