Hindalco Industries, the flagship metals company of the Aditya Birla group, said on Thursday its consolidated net profit doubled year-on-year (YoY) to Rs 3,851 crore for the quarter ending March 31 (Q4)--the highest number for any quarter. Bloomberg consensus estimates had pegged Q4 net profit at Rs 2,959 crore for the quarter.
The company reported its Q4 numbers after markets closed. Shares of Hindalco closed trade on the BSE at Rs 407.75 apiece, up 2.75 per cent over the previous day's close.
Hindalco's consolidated revenue for Q4 rose nearly 38 per cent to Rs 55,764 crore versus the year-ago period,