Hindalco Industries declines despite reporting 60% jump in Q3 consolidated net profit
Hindalco Industries is currently trading at Rs. 598.40, down by 3.90 points or 0.65% from its previous closing of Rs. 602.30 on the BSE.
The scrip opened at Rs. 608.05 and has touched a high and low of Rs. 615.50 and Rs. 595.00 respectively. So far 339382 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 772.00 on 03-Oct-2024 and a 52 week low of Rs. 499.05 on 29-Feb-2024.
Last one week high and low of the scrip stood at Rs. 615.50 and Rs. 586.25 respectively. The current market cap of the company is Rs. 134283.02 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 52.86% and 8.81% respectively.
The company has reported 74.58% rise in net profit at Rs 1463 crore for Q3FY25 as compared to Rs 838 crore for the same quarter in the previous year. Total income of the company increased by 17.11% at Rs 23916 crore for Q3FY25 as compared to Rs 20422 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 60.23% rise in its net profit at Rs 3735 crore for the quarter ended December 31, 2024 as compared to Rs 2331 crore for the same quarter in the previous year. Total income of the company increased by 10.95% at Rs 58899 crore for Q3FY25 as compared to Rs 53088 crore for the corresponding quarter previous year.
