Hindalco reports Rs2,237-crore net profit for 2011-12
27 June 2012
Hindalco Industries Ltd has posted a net profit of Rs2,237.2 crore for the year ended 31 March 2012 against a net profit of Rs2,136.90 crore for the year ended 31 March 2011.
Total income of the company for the financial year ended 31 March 2012 increased to Rs27,212.57 crore from Rs24,206.70 crore for the year ended 31 March 2011.
Consolidated net profit of the group for the financial year ended 31 March 2012 stood at Rs3,396.95 crore against Rs2,456.37 crore during the year ended 31 March 2011.
Total group income for the financial year increased to Rs81,604.44 crore from Rs72,715.60 crore during the financial year ended 31 March 2011.
The board of directors of Hindalco Industries Ltd, which met today, inter alia, recommended payment of dividend on equity shares at the rate of Rs1.55 for each equity share of face value Re1 for the financial year April 2011 to 31 March 2012, subject to shareholders' approval.
The annual general meeting of the shareholders of the company will be held on 11 September 2012, in Mumbai, the company said in its filing with the BSE.