Mrs. Rajashree Birla Receives Government of India's National CSR Award for Hindalco's Contribution to National Priority Areas
Hindalco Industries Ltd, the metals flagship company of Aditya Birla Group, on Monday reported a consolidated net profit of Rs 974 crore in the quarter ended September against Rs 1,448 crore year-on-year.
Revenue from operations went down 8.8 per cent at Rs 29,657 crore in Q2 FY20 against Rs 32,507 crore in Q2 FY19.
Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped by 8.4 per cent at Rs 3,918 crore against Rs 4,276 crore. The consolidated EBITDA margin remained flat at 13.2 per cent.
Managing Director said while profits were impacted by the global slowdown and lower commodity prices, the company delivered steady results driven by an excellent performance by Novelis supported by stable operations in the Indian business.
Hindalco Industries is the metals flagship company of Aditya Birla Group, a 18.7 billion dollar metals powerhouse.
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