Hindalco Q1 2014 net profits at Rs 474 crores

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Hindalco Industries Ltd has posted a net profit of Rs. 474.09 crores for the quarter ended June 30, 2013 as compared to Rs. 424.70 crores for the quarter ended June 30, 2012.

Total Income has decreased from Rs. 6329.37 crores for the quarter ended June 30, 2012 to Rs. 6265.8 crores for the quarter ended June 30, 2013.

The results of the company were better then expected. The stock which was down more then 4 per cent in trade, recovered and was down only 1.5 per cent following its results.

The stock was last trading at Rs 92.5 on the National Stock Exchange.

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