Hindalco Q1 consolidated PAT at Rs 2,787 cr vs loss of Rs 709 cr a year ago

The Aditya Birla Group firm's topline stood at Rs 41,358 crore, up 63% from same period last year with Novelis contributing strongly at Rs 28,428 cr

Hindalco Industries reported a consolidated net profit of Rs 2,787 crore in June quarter as against a loss of Rs 709 crore in the corresponding period last year on the back of increased revenue and a low base due to Covid-19 first wave hit last year.

The Aditya Birla Group company’s topline in the period under review stood at Rs 41,358 crore, up 63 per cent from same period last year with Novelis contributing strongly at Rs 28,428 crore.

As per Bloomberg estimates, the company’s net sales was seen at Rs 41,433 crore in the quarter gone by, while the