Hindalco Indus. Q2 net profit zooms 712.12% at Rs 1608.00 cr
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The company reported standalone net profit of Rs 1,608.00 crore for the quarter ended September 30, 2021 as compared to Rs 198.00 crore in the same period last year, registering a year-on-year growth of 712.12 per cent. Net revenue of the company rose substantially by 81.66 per cent at Rs 17,290.00 crore in July-September quarter of this fiscal as against Rs 9,518.00 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 64.46 per cent to Rs 14,252.00 crore from Rs 8,666.00 crore in year ago period. Other Income dipped by 1.81 per cent at Rs 163.00 crore versus (Sep'20 Rs 166.00 crore). Operating Profit surged by 256.57 per cent to Rs 3,038.00 crore as against Rs 852.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 96.31 per cent in September quarter. Interest declined by 4.99 per cent y-o-y to Rs 343.00 crore, while Taxation increased by 588.33 per cent at Rs 826.00 crore (Sep'20 Rs 120.00 crore).
