Hindalco Industries on Wednesday reported a 47.7 per cent rise in consolidated revenue after tax (PAT) at ₹4,119 crore for the quarter ended June 30, on the again of robust operational efficiencies.
The firm had posted a consolidated PAT of ₹2,787 crore within the year-ago interval, Hindalco Industries, the metals flagship of Aditya Birla Group, stated in a regulatory submitting.
The firm’s income from operations within the April-June interval elevated to ₹58,018 crore, over ₹41,358 crore within the year-ago interval.
“Our efficiency was backed by robust operational efficiencies and pre-emptive sourcing of vital uncooked materials, thus making certain steady operations and better margins,” firm’s Managing Director Satish Pai stated.
Pai stated that the corporate delivered a stronger first quarter regardless of rising enter prices and inflationary pressures.
The firm’s income from the copper enterprise within the first quarter elevated by 48 per cent to ₹10,529 crore primarily on account of upper international costs of copper and better volumes.
Shares of Hindalco Industries have been buying and selling at ₹443.35 apiece on BSE, up 5.20 per cent over the earlier shut.
August 10, 2022