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Indian-Commodity  :  Equity & Shares  :  Hindalco Industries zooms on reporting over four fold jump in Q1 net profit

Hindalco Industries zooms on reporting over four fold jump in Q1 net profit (12-Aug-2016)

Hindalco Industries is currently trading at Rs 147.10, up by 4.85 points or 3.41% from its previous closing of Rs 142.25 on the BSE.

The scrip opened at Rs. 143.70 and has touched a high and low of Rs. 148.90 and Rs. 143.00 respectively. So far 2186864 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 151.90 on 08-Aug-2016 and a 52 week low of Rs. 58.85 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 151.90 and Rs. 138.50 respectively. The current market cap of the company is Rs. 30283.34 crore.

The promoters holding in the company stood at 37.69%, while Institutions and Non-Institutions held 39.97% and 15.42% respectively.

Hindalco Industries has reported over four fold jump in its net profit at Rs 294.07 crore for the quarter ended June 30, 2016 as compared to Rs 61.10 crore for the same quarter in the previous year. The company's total income decreased by 10.97% to Rs 7716.53 crore for the quarter under review from Rs 8667.01 crore for the corresponding quarter of the previous year

Hindalco Industries is an industry leader in aluminium and copper. The company's aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.

 


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