- By PTI
- Fri, 24 May 2024 03:01 PM (IST)
- Source:PTI
Aditya Birla Group's metal flagship Hindalco Industries on Friday reported a 31.6 per cent rise in consolidated net profit at Rs 3,174 crore for the quarter ended March 31, 2024, on the back of stronger margins and volumes across aluminium and copper business segments.
The company had posted a net profit of Rs 2,411 crore in the January-March period of FY23, Hindalco Industries said in a filing to BSE. Total income during the quarter under review rose to Rs 56,356 crore over Rs 56,209 crore in the year-ago period.
"Consolidated PAT in Q4 FY24 was Rs 3,174 crore compared to Rs 2,411 crore in Q4 FY23, up by 32 per cent Y-o-Y," the company said in a statement.
Hindalco concluded the year with very strong results across all business segments. This was a clear testament to its strategic focus on value-added products and margin improvement, Hindalco Industries Managing Director Satish Pai said. Hindalco is the world's largest aluminum company by revenue and a major player in copper. It caters to more than half of the India's copper requirement.
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Ashok Layland Q4 Result
Commercial vehicles maker Ashok Leyland on Friday reported a 16.73 percent increase in consolidated net profit at Rs 933.69 crore in the fourth quarter that ended March 31, 2024. The company had posted a net profit of Rs 799.87 crore in the same period of the previous fiscal, Ashok Leyland said in a regulatory filing.
Consolidated revenue from operations in the quarter under review stood at Rs 13,577.58 crore as compared to Rs 13,202.55 crore in the year-ago period, it added. Total expenses in the fourth quarter were marginally lower at Rs 12,037.16 crore as compared to Rs 12,085.5 crore in the corresponding period of the previous year.
The board of directors of the company, at their meeting held on March 25, 2024, has declared an interim dividend of Rs 4.95 per equity share of Re 1 each, for the year ended March 31, 2024, Ashok Leyland said.
For the fiscal ended March 31, 2024, net profit was at Rs 2,696.34 crore as compared to Rs 1,358.82 crore in the previous fiscal.
In FY24 Consolidated revenue from operations was at Rs 45,790.64 crore as compared to Rs 41,672.6 crore in FY23, the company said.
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