Hindalco Industries Limited - Q2 FY 2008-2009 Results

摘要

Hindalco Industries Ltd., the flagship company of the Aditya Birla Group, today announced its unaudited financial results for the quarter ended 30 September 2008. Net sales and revenues have grown by 14% to Rs. 5,683.2 crores as compared to Rs. 4,966.9 crores for the corresponding period in FY 08. Despite the unrelenting input cost push that squeezed margins, the net profit for the quarter at Rs. 720 crores is up by 12%, vis-à-vis Rs. 642.6 crores in the corresponding period of the previous year. Of the total revenue of Rs. 5,683.2 crores, the aluminium business contributed Rs. 2,120.5 crores as compared to Rs. 1,792.2 crores in corresponding period in previous year. The profit before interest and tax for aluminium business was at Rs. 715.1 crores as against Rs. 661.9 crores in the corresponding quarter in the previous year driven by production, asset sweating, higher LME and a weaker Rupee. Rising input cost, lower production of downstream products have constrained profit to an extent.