Hindalco Q3 net down 4 per cent at Rs433.52 crore

Aditya Birla Group flagship Hindalco Industries has reported a nearly 4 per cent decline in standalone net profit for fiscal third quarter ended 31 December at Rs433.52 crore amidst rising finance costs and falling sales.

The company had reported a net profit of Rs450.69 crore in the comparable quarter of the previous fiscal.

Revenue from operations of Hindalco grew 3.4 per cent to Rs6,872  crore during the October-December 2012-13 quarter, against Rs6,647 crore in the year-before quarter. 

EBDTA during Q3 of the current fiscal stood at Rs582 crore, down 62.7 per cent from Rs1,560 crore in the October-December 2011-12 quarter.

Both revenue and EBITDA, however, grew 11 per cent and by 13 per cent, respectively, on a sequential basis.

Other income was stronger, given an enhanced average treasury, along with income of non-recurring nature.