首页|Hindalco Q2 net down 25 percent at Rs 1.25 billion
Hindalco Q2 net down 25 percent at Rs 1.25 billion
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NSTL
Hindalco Industries Ltd. has reported a 25 per cent drop in net profit to Rs. 1.25 billion for the second quarter of the fiscal ended September 30, 2002 as against a net profit of Rs 1.67 billion in the same quarter of the previous fiscal. Net sales for the quarter increased marginally by to per cent to Rs 5.69 billion (Rs 5.57 billion) while total expenditure increased was up 28 per cent to Rs 3.89 billion (Rs 3.03 billion). Company officials attributed the lacklustre performance to weak prices the London Metal Exchange (LME), depressed economic scenario, higher input costs, and major disruptions resulting in production losses of 6,000 tons. Meanwhile, net profit for the first half of the fiscal stood at Rs. 2.65 billion, down 19 per cent (Rs 3.28 billion). Net sales for the first half was fiscal higher by four per cent at Rs 11.55 billion (Rs 11.06 billion).
NSTL
