InvestorQ : How were the quarterly numbers of Hindalco Ltd for the Sep-20 quarter?
shrinidhi Rajan made post

How were the quarterly numbers of Hindalco Ltd for the Sep-20 quarter?

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3 weeks ago
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Hindalco reported 60% drop its profit after tax or PAT for the quarter ended in Sep-20 at Rs.387 crore. However, this needs to be remembered that this is due to a one-time impact of discontinued operations of the Lewisport works of Aleris. If you look at purely the continuing operations of the business, the net profit would have been higher at Rs.1785 crore for the quarter.

Total revenues for the Sep-20 quarter was higher at Rs.31,237 crore. There was strong performance by Novelis as well as by its India aluminium business. The company benefited from higher volumes, better product mix and lower input costs. The company also embarked on cost cutting measures which have also borne fruit.

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