Hindalco Industries, a flagship company of the Aditya Birla Group, reported a 25% year-on-year increase in its net profit for Q1 FY25, amounting to ₹3,074 crore. This result, announced on August 12, 2024, fell short of market expectations, as a Bloomberg poll had estimated a net profit of ₹3,428 crore for the quarter.
The company’s consolidated revenue from operations for the April-June period rose by 7.5% to ₹57,013 crore, slightly surpassing the anticipated revenue of ₹56,236.4 crore. Despite the significant profit growth, the figures missed the broader market predictions.
Hindalco’s performance in this quarter reflects its ability to navigate challenging market conditions, though the results suggest there were higher expectations from analysts regarding the company’s financial performance.
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Source: Moneycontrol
News Desk
