{"id":106457,"date":"2023-08-08T17:34:31","date_gmt":"2023-08-08T12:04:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106457"},"modified":"2023-08-08T17:34:46","modified_gmt":"2023-08-08T12:04:46","slug":"hindalco-industries-q1-results-net-profit-declined-by-40","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/hindalco-industries-q1-results-net-profit-declined-by-40\/","title":{"rendered":"Hindalco Industries Q1 Results: Company&#8217;s Net profit declined by 40%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2072339649\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Aditya Birla group company Hindalco Industries is the world\u2019s largest aluminium company by revenue, and a major player in copper serving more than half of India\u2019s copper requirement.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2042192493\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HINDALCO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Hindalco Industries Ltd<\/a><\/strong> on Tuesday posted over 40 per cent fall in its net profit to Rs 2,454 crore for the quarter ended on June 30, dragged by lower income.<\/p><p>It had clocked a net profit of Rs 4,119 crore in the April-June period of the preceding 2022-23 fiscal, according to an exchange filing.<\/p><p>The company&#8217;s total income also declined to Rs 53,382 crore from Rs 58,229 crore in the year-ago period. Expenses were at Rs 50,055 crore as against Rs 52,185 crore a year ago.<\/p><div class=\"trade-content_5\" id=\"trade-3670624082\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In a separate statement, Satish Pai, Managing Director of Hindalco Industries, said, &#8220;FY24 has started on a promising note. Our focus on expanding our value-added portfolio and operational efficiencies has enabled us to deliver sustained performance in the face of continued macroeconomic pressures.&#8221;&nbsp;<\/p><p>He further said that despite significant market headwinds, Novelis has continued to show sequential improvement in adjusted EBITDA at USD 421 million and at USD 479 EBITDA per tonne, backed by record sales of automotive aluminium sheets.<\/p><p>Revenue of Novelis, Hindalo&#8217;s Atlanta-based subsidiary, stood at USD 4.1 billion, down 7 per cent quarter-on-quarter, impacted by lower average aluminium prices and subdued shipments, the company statement said.<\/p><p>In the first quarter, the revenue from Aluminium (India) downstream business was at Rs 2,435 crore, down from Rs 2,738 crore in the prior quarter.<\/p><p>The revenue from the copper business stood at Rs 11,502 crore, up 3 per cent q-o-q, driven by higher sales volumes.<\/p><div class=\"trade-after-content\" id=\"trade-820549719\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Aditya Birla group company Hindalco Industries is the world\u2019s largest aluminium company by revenue, and a major player in copper serving more than half of India\u2019s copper requirement. Hindalco Industries Ltd on Tuesday posted over 40 per cent fall in its net profit to Rs 2,454 crore for the quarter ended on June 30, dragged [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-106457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hindalco Industries Q1 Results: Company&#039;s Net profit declined by 40% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Aditya Birla group company Hindalco Industries is the world\u2019s largest aluminium company by revenue, and a major player in copper serving more than half of India\u2019s copper requirement.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/hindalco-industries-q1-results-net-profit-declined-by-40\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hindalco Industries Q1 Results: Company&#039;s Net profit declined by 40%\" \/>\n<meta property=\"og:description\" content=\"Aditya Birla group company Hindalco Industries is the world\u2019s largest aluminium company by revenue, and a major player in copper serving more than half of India\u2019s copper requirement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/hindalco-industries-q1-results-net-profit-declined-by-40\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T12:04:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-08T12:04:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Hindalco-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/hindalco-industries-q1-results-net-profit-declined-by-40\/\",\"url\":\"https:\/\/tradebrains.in\/features\/hindalco-industries-q1-results-net-profit-declined-by-40\/\",\"name\":\"Hindalco Industries Q1 Results: Company's Net profit declined by 40% - 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