Hindalco Industries has reported a net profit of Rs. 644 crore for the quarter ended June 30, 2011 against Rs. 534 crore in the corresponding period in the previous year, a rise of 21 per cent. Net sales and operating revenue have increased to Rs. 6,031 crore from Rs. 5,178 crore.
The adverse impact of strong inflationary pressures largely in energy products and rupee appreciation were mitigated by improved operating efficiencies in both its copper and aluminium businesses.
The profit before depreciation and interest charges has exceeded Rs. 1,000 crore despite steep escalation in input cost, better realisation, higher other income and improved operating efficiencies.
Of the Rs. 6,031 core-revenue, aluminium business contributed Rs. 2,093 crore against Rs. 1,867 crore.
The revenue from copper business was higher at Rs. 3,940 crore against Rs. 3,314 crore mainly on account of higher copper LME and by-product realisation. The benefits of the marked improvement in operational efficiencies were partially offset by higher energy cost and bi-annual shutdown, says a company release.
