Hindalco Industries reports 43% fall in Q4 consolidated net profit
15th Jun 2020

Hindalco Industries has reported results for the fourth quarter and year ended March 31, 2020.

The company has reported a 38.14% rise in its net profit of Rs 326 crore for the quarter under review as compared to Rs 236 crore for the same quarter in the previous year. However, total income of the company decreased by 19.89% at Rs 10200 crore for Q4FY20 as compared Rs 12733 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a 43.21% fall in its net profit attributable to owners of Rs 669 crore for the quarter under review as compared to Rs 1178 crore for the same quarter in the previous year. Total income of the company decreased by 13.52% at Rs 29624 crore for Q4FY20 as compared Rs 34255 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the company has reported a 48.55% fall in its net profit of Rs 620 crore as compared to Rs 1205 crore for the previous year. Total income of the company decreased by 12.23% at Rs 40981 crore for year under review as compared to Rs 46689 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the company has reported a 31.46% fall in its net profit attributable to owners of Rs 3767 crore as compared to Rs 5496 crore for the previous year. Total income of the company decreased by 9.37% at Rs 119330 crore for year under review as compared to Rs 131669 crore for year ended March 31, 2019.