Hindalco Industries reports 25% rise in Q1 consolidated net profit

Ace News

13th Aug 2024

Hindalco Industries has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The company has reported over 2-fold jump in net profit at Rs 1,471 crore for Q1FY25 as compared to Rs 600 crore for the same quarter in the previous year. Total income of the company increased by 10.84% at Rs 22,310 crore for Q1FY25 as compared to Rs 20,129 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 25.26% rise in its net profit at Rs 3,074 crore for the quarter ended June 30, 2024 as compared to Rs 2,454 crore for the same quarter in the previous year. Total income of the company increased by 7.60% at Rs 57,437 crore for Q1FY25 as compared to Rs 53,382 crore for the corresponding quarter previous year.