Aditya Birla group flagship company Hindalco Industries on Friday posted 15.16 per cent increase in net profit at Rs 721.3 crore for the fourth quarter ended March 31, on rising metal demand due to growth in infrastructure as well as the automobile industry.
The company, which became the world's largest aluminium rolling firm after the acquisition of Novelis, had recorded a net profit of Rs 626.3 crore for the same quarter ended March 31, 2006.
The total income grew by 30.56 per cent to Rs 4,872.2 crore for the quarter from Rs 3,731.7 crore in the corresponding quarter a year ago, Hindalco informed the Bombay Stock Exchange.
The company's board decided not to recommend any further dividend and to treat the interim dividend declared earlier as the final one.
The board of directors at its meeting on March 12, had declared an interim dividend of 170 per cent aggregating to Rs 177.3 crore together with corporate dividend tax of Rs 24.9 crore. The total payout was Rs 202.2 crore.
For the year ended March 31, the company recorded a net profit of Rs 2,564.3 crore as compared to Rs 1,655.5 crore a year-ago. Its total income grew to Rs 18,683.1 crore during the fiscal from Rs 11,640.4 crore a year earlier.
London Metal Exchange (LME) will drive the performance of aluminium business whereas it is a pass-through for copper business. Going forward, the biggest challenge would be to maintain high levels of performance once the aluminium prices at LME start moving down, the company said.
豫公网安备41010502003434号