Hindalco Q3 net profit rises 7.5% at Rs 359 crore

Net sales of the company rose to Rs 8,478 crore in the reporting quarter

Press Trust of India Mumbai
Last Updated : Feb 12 2015 | 4:31 PM IST
Aluminium maker Hindalco Industries today reported 7.5% rise in net profit for the third quarter at Rs 359.36 crore despite a significant increase in finance costs.

The Aditya Birla Group flagship company had reported Rs 333.98 crore net profit during the October-December quarter of the last fiscal, it said in an exchange filing.

Net sales of the company rose to Rs 8,471.71 crore in the reporting quarter from Rs 7,200.96 crore a year earlier.

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While expenses increased to Rs 7,825.96 crore during the quarter from Rs 6,843.41 crore a year earlier, higher finance costs took the sheen away from the company's bottomline.

Finance costs for the company went up to Rs 447.47 crore from Rs 165.16 crore a year ago.

Shares of the company were trading 1.47% up at Rs 152.05 apiece during afternoon session on the BSE.
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First Published: Feb 12 2015 | 3:16 PM IST

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