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Hindalco Industries, has posted standalone profit growth of 17.2% YoY at Rs.375 crore for December quarter. Last year in the same quarter, it had reported a profit of Rs.320 crore.
Standalone revenue for the quarter increased by 18.4% to Rs.11,023 crore, against Rs.9,314 crore in the same quarter, last year. Operating profit for Q3 increased 10.7% to Rs.1,312 crore.
Further, Hindalco stated, “Performance across businesses continues to be robust. Stable operations and supportive macros remain the main drivers. Novelis has maintained its market leadership in Can, Auto segments as well as recycling operations. Going forward, strong recovery of demand across businesses in India augurs well for Indian operations.”
