INSUBCONTINENT EXCLUSIVE:
Hindalco on Wednesday posted 24.98 per cent year-on-year drop in profit at Rs 376.97 crore for the quarter ended March
It had posted a profit of Rs 502.52 crore in the corresponding quarter last year.
ETNow poll had predicted a profit of Rs 475 crore.
Total
income of the company dipped marginally 0.70 per cent to Rs 11,886.02 crore in Q4FY18 over Rs 11969.66 crore in Q4FY17.
For the financial
year ended March 2018, the company posted 220 per cent year-on-year rise in net profit at Rs 6,083 crore against Rs 1,900 crore a year
operational and business excellence
In line with its strategy to growth in downstream businesses, the company will focus on quality, customer centricity and use of digital
Wednesday recommended a dividend at 120 per cent i.e
Rs 1.20 per equity share of face value of Re 1 each for the financial year ended March 31.
Shares of the company felt after the announcement
They were trading at Rs 240.20, down by Rs 2.90 or 1.19 per cent at around 2.30 pm.
