Friday, 22 July 2016

Hindalco's Consolidated net profit Falls 95% in 2015-16

Aluminium and copper maker Hindalco Industries Ltd on Thursday said the Group's consolidated net profit fell 95 percent to Rs 44.81 crore for the year ended March 31, 2016 as compared to Rs 854.21 crore reported in 2015.

Revenue from operations for the year ended March stood at Rs 100,042.16 crore where as the same was at Rs 104,281.10 crore for the year ended March 31, 2015.

Revenue from aluminium was lower at Rs 82,812.11 crore in 2015-16 as against Rs 83,139.49 crore in 2014-15. Copper revenue stood at Rs 17,245.65 crore, dipping from Rs 20,492.34 crore in the previous year.

Total expenses of the company decreased to Rs 95,537.82 crore in 2015-16 against Rs 98,927.09 crore in 2014-15.

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