Hindalco Industries reports consolidated net loss Rs 709 crore in Q1
17th Aug 2020

Hindalco Industries has reported results for the first quarter ended June 30, 2020.

The company has reported a net loss of Rs 40 crore for the quarter under review against net profit of Rs 23 crore for the same quarter in the previous year. Total income of the company decreased by 25.25% at Rs 7,666 crore for Q1FY21 as compared Rs 10,256 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss attributed to shareholders of Rs 709 crore for the quarter under review against net profit of Rs 1,063 crore for the same quarter in the previous year. Total income of the company decreased by 15.09% at Rs 25,702 crore for Q1FY21 as compared Rs 30,268 crore for the corresponding quarter previous year.