Hindalco Industries gains on reporting 96% rise in Q3 consolidated net profit
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Hindalco Industries is currently trading at Rs. 551.10, up by 3.75 points or 0.69% from its previous closing of Rs. 547.35 on the BSE.
The scrip opened at Rs. 544.50 and has touched a high and low of Rs. 553.85 and Rs. 540.90 respectively. So far 111947 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 553.85 on 11-Feb-2022 and a 52 week low of Rs. 279.35 on 11-Feb-2021.
Last one week high and low of the scrip stood at Rs. 553.85 and Rs. 514.05 respectively. The current market cap of the company is Rs. 122998.93 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 47.17% and 14.27% respectively.
Hindalco Industries has reported 4- fold jump in its net profit at Rs 1388 crore for the quarter ended December 31, 2021 as compared to Rs 340 crore for the same quarter in the previous year. Total income of the company increased by 57.75% at Rs 18198 crore for Q3FY22 as compared Rs 11536 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 95.79% in its net profit at Rs 3675 crore for the quarter under review as compared to Rs 1877 crore for the same quarter in the previous year. Total income of the company increased by 43% at Rs 50453 crore for Q3FY22 as compared Rs 35281 crore for the corresponding quarter previous year.
