Hindalco Q1 PAT at Rs 4.13 bn, up 30% YoY on better operational performance

Utkal Alumina earnings lend firm support to company's earnings

Hindalco Industries, the country's largest aluminium producer, reported a net profit of Rs 4.13 billion for June quarter on Friday, up 30 per cent from corresponding period last year as revenues increased and expenses slipped marginally improving operating profits.

The company's top line stood at Rs 105.93 billion in the period under review, up 1.73 per cent from same period last year on the back of better realisations and stable plant operations. Copper revenues on the other hand were impacted in the quarter gone by due to lower volumes on account of a planned maintenance shutdown in Q1FY19, at one