Hindalco Q4FY23 net profit falls by 48% to Rs 832 cr

-, May 25, 2023, India Blooms News Service

Mumbai: Hindalco Industries, on Wednesday, announced a decline of 48% in its standalone net profit for the quarter ended in March.

The company reported a net profit of Rs 832 crore, compared to Rs 1,601 crore recorded in the corresponding quarter of the previous year.

During the quarter ended in March, Hindalco Industries witnessed a 5% growth in its revenue from operations. The companys revenue stood at Rs 19,995 crore, compared to Rs 18,969 crore in the corresponding quarter of the previous fiscal year.

The Board has also recommended a dividend of Rs 3 per equity share for the year ended March 2023.