Hindalco Industries Net Profit Rises

Hindalco Industries Limited full year sales fell 8% to Rs 60,722 crore and net profit rose 711% to Rs 3,925.5 crore or Rs 22.17 a share.

4:55PM Mumbai, India - Hindalco Industries Limited sales fell 8% and net profit rose 711%.

Hindalco Industries Limited, the aluminium and copper company said full year sales fell 8% to Rs 60,722 crore from Rs 65,963 crore a year ago. Net profit for the year rose 711% to Rs 3,925.5 crore or Rs 22.17 per diluted share compared to net profit of Rs 484 crore or Rs 3.21 per share a year ago.

Hindalco Industries Limited, in the last one year traded as high as Rs 188.20 in April 2010 and as low as Rs 68.40 in July 2009. Based on the yesterday’s closing price of Rs 140.40 the company has market cap of Rs 268.65 billion.

source:www.123jump.com