Hindalco's Dec-quarter consolidated pre-tax profit down 23% at Rs 1,481 cr

Hindalco Industries — an Aditya Birla group firm — posted a consolidated profit before tax (PBT) of Rs 1,481 crore in the December quarter (third quarter, or Q3), down 23 per cent from the same period last year on the back of weak revenue. In the period under review, revenue of the company stood at Rs 29,197 crore, down 12 per cent from the same period last year as realisations took a hit, mainly because of a weak demand scenario across segments. “Demand in Q3 was down 13 per cent sequentially, while year-to-date (YTD), it fell 5 per cent. Both