Hindalco Industries falls despite its Q2 consolidated net profit spikes 78% to Rs 3,909 crore
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Hindalco Industries is currently trading at Rs. 636.25, down by 14.95 points or 2.30% from its previous closing of Rs. 651.20 on the BSE.
The scrip opened at Rs. 649.80 and has touched a high and low of Rs. 649.80 and Rs. 634.20 respectively. So far 42764 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. 491.90 on 23-Nov-2023.
Last one week high and low of the scrip stood at Rs. 686.65 and Rs. 634.20 respectively. The current market cap of the company is Rs. 146339.39 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 53.08% and 8.58% respectively.
Hindalco Industries has reported over 2-fold jump in its net profit at Rs 1,891 crore for the quarter ended September 30, 2024 as compared to Rs 847 crore for the same quarter in the previous year. Total income of the company increased by 10.77% at Rs 23,087 crore for Q2FY25 as compared to Rs 20,842 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 78.01% rise in net profit at Rs 3,909 crore for Q2FY25 as compared to Rs 2,196 crore for the same quarter in the previous year. Total income of the company increased by 8.50% at Rs 59,278 crore for Q2FY25 as compared to Rs 54,632 crore for the corresponding quarter previous year.
