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Article: India: Hindalco net up Rs. 697 crores (USD 164 Million ).
- Article from:
- TendersInfo
- Article date:
- July 29, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
Net sales and operating revenues remained flat at Rs. 4647.5 crore, however the profit before depreciation, interest and tax grew by 16 per cent to Rs. 1,163.7 crore as compared to Rs. 1,005.7 crore in the corresponding period in FY 08. The profit after tax at Rs. 696.8 crore was up 16 per cent from Rs. 598.6 crore in Q1 FY08.
Of the total revenues of Rs. 4647.5 crore, aluminium business contributed Rs. 1943.0 crore. The profit before interest and tax for aluminium business was higher by 18 per cent from Rs. 638.2 crore to Rs. 750.4 crore in the corresponding quarter of the preceding year, driven by higher volumes and higher LME prices.
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