Country's biggest Aluminium & copper producer, Hindalco Industries Ltd on Tuesday reported a growth of 25.6 per cent in its standalone net profit after taxes (PAT) at Rs 502.52 crore for the fourth quarter ended March 31, 2017, helped by rise in revenue from operations on higher base metal prices.
“The standalone PAT of the Aditya Birla Group arm stood at Rs 400.09 crore during the same period a year ago,” said Hindalco Industries Ltd in a filing to the Bombay Stock Exchange.
The standalone total income of the company too rose by 26.4 per cent at Rs 11,969.66 crore during Q4 2016-17, as compared to Rs 9,472.23 crore during the same period last year.
Total expenses surged to Rs 11,321.19 crore during January-March quarter, as against Rs 8,999.13 crore in the year-ago period.
The company’s board has recommended a dividend at the rate of 110 per cent i.e. Re 1.10 per equity share of face value of Re 1 each for the financial year ended March 31, 2017, subject to shareholders approval at the ensuing AGM.
Meanwhile, shares of the company closed at Rs 203.15 apiece, up 0.92 per cent, from previous close on BSE.