Net profit of Hindalco Industries declined 1.55% to Rs 289.51 crore in the quarter ended June 2017 as against Rs 294.07 crore during the previous quarter ended June 2016. Sales rose 28.81% to Rs 9770.04 crore in the quarter ended June 2017 as against Rs 7584.68 crore during the previous quarter ended June 2016.

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The result was announced during market hours today, 11 August 2017.

Meanwhile, the S&P BSE Sensex was down 302.87 points or 0.96% at 31,228.46.

On the BSE, 14.42 lakh shares were traded on the counter so far as against the average daily volumes of 11.81 lakh shares in the past one quarter. The stock had hit a high of Rs 236.40 and a low of Rs 218.20 so far during the day. The stock had hit a 52-week high of Rs 244.80 on 8 August 2017 and a 52-week low of Rs 138.60 on 11 August 2016.

The stock had outperformed the market over the past one month till 10 August 2017, advancing 21.45% compared with the Sensex's 0.58% fall. The stock had also outperformed the market over the past one quarter, gaining 27.1% as against the Sensex's 4.24% rise. The scrip had also outperformed the market over the past one year, advancing 63.16% as against the Sensex's 13.52% rise.

The large-cap company has equity capital of Rs 224.35 crore. Face value per share is Rs 1.

Hindalco's net profit in Q1 June 2017 factors the exceptional provisioning of Rs 104 crore which is on the basis of recent Supreme Court judgement in a matter relating to mining regulation (to which the company was not a party). Hindalco anticipates that the judgement may have an implication on its existing litigation which is sub-judice. The provision has been made as a matter of abundant caution.

The company's earnings before interest, taxation, depreciation and amortization (EBITDA) rose 3.92% to Rs 1404 crore in Q1 June 2017 over Q1 June 2016, on account of higher aluminium and copper volumes, supportive macros partly offset by higher input cost.

Hindalco Industries, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper.

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Hindalco Industries has allotted 35011 equity shares of face value of Re. 1/- each to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employee under the Company's Employee Stock Option Scheme.

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Meanwhile, the S&P BSE Sensex was down 230.94 points, or 0.72% to 32,042.73.

On the BSE, 10.72 lakh shares were traded in the counter so far, compared with average daily volumes of 11.57 lakh shares in the past one quarter. The stock had hit a high of Rs 244.80 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 232.10 so far during the day. The stock hit a 52-week low of Rs 138.60 on 11 August 2016.

The stock had outperformed the market over the past one month till 7 August 2017, rising 16.80% compared with 2.91% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.16% as against Sensex's 7.82% rise. The scrip had also outperformed the market in past one year, rising 52.68% as against Sensex's 14.52% rise.

The large-cap company has equity capital of Rs 224.35 crore. Face value per share is Re 1.

On a consolidated basis, Novelis' net income surged 320.83% to $101 million on 16.25% increase in net sales to $2669 million in Q1 June 2017 over Q1 June 2016.

The year-over-year increase in net income was driven primarily by higher EBITDA (earnings before interest, taxes, depreciation and amortization) and lower interest expense following debt refinancing actions in fiscal 2017.

The increase in net sales was driven by a 4% increase in total shipments of flat rolled products to 785 kilotonnes, including a 16% increase in shipments of higher conversion premium automotive products, as well as higher average aluminum prices.

Novelis, a subsidiary of Hindalco Industries, is the global leader in aluminum rolled products and the world's largest recycler of aluminum.

Hindalco Industries' net profit rose 25.6% to Rs 502.52 crore on 27.4% rise in net sales to Rs 11026.09 crore in Q4 March 2017 over Q4 March 2016.

Hindalco Industries, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper.

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