Hindalco Q4 Net Dips 10 Percent to 
640 Crore
New Delhi: Top non-ferrous metals producer Hindalco reported 9.6 percent dip in standalone net profit for the fourth quarter ended March 31 at 
640 crore and said margins are likely to remain subdued going forward. The net profit in the corresponding quarter last year stood at 708 crore.
The Aditya Birla Group's flagship firm cautioned that margins are expected to remain under pressure due to flat prices and cost pressures in FY13. Total income, however, grew 11.7 percent during the quarter under review at Rs 7,647 crore as against 6,846 crore last year, driven by higher volume despite lower realisation. "Pressure on the London Metal Exchange (LME) as well as cost pressure, especially related to coal, may keep margins subdued in the coming period. Our near-term outlook remains cautious," Hindalco Managing Director Debu Bhattacharya told reporters here.
Of the total quarterly revenues, aluminium business contributed 2,499 crore, while copper's share was Rs 5,154 crore. "The results would have been better, but for increased input costs and lower realisation.
However, it was the best quarter for our copper business. We expect this trend to continue," he said. For the fiscal 2011-12, the standalone total income stood at 26,597 crore, up 11.47 percent from 23,859 crore last year. Profit after tax (PAT) grew 4.67 percent to 2,237 crore against 2,137 crore in FY11.
Source: PTI
640 crore and said margins are likely to remain subdued going forward. The net profit in the corresponding quarter last year stood at 708 crore.
The Aditya Birla Group's flagship firm cautioned that margins are expected to remain under pressure due to flat prices and cost pressures in FY13. Total income, however, grew 11.7 percent during the quarter under review at Rs 7,647 crore as against 6,846 crore last year, driven by higher volume despite lower realisation. "Pressure on the London Metal Exchange (LME) as well as cost pressure, especially related to coal, may keep margins subdued in the coming period. Our near-term outlook remains cautious," Hindalco Managing Director Debu Bhattacharya told reporters here.
Of the total quarterly revenues, aluminium business contributed 2,499 crore, while copper's share was Rs 5,154 crore. "The results would have been better, but for increased input costs and lower realisation.
However, it was the best quarter for our copper business. We expect this trend to continue," he said. For the fiscal 2011-12, the standalone total income stood at 26,597 crore, up 11.47 percent from 23,859 crore last year. Profit after tax (PAT) grew 4.67 percent to 2,237 crore against 2,137 crore in FY11.
