On Tuesday, February 27, Hind Aluminium Industries Limited announced its consolidated quarterly results (October 1-December 31, 2023), explaining an in-depth comparison with the previous quarter and year.
Hind Aluminium revealed its net sales in Q3 FY2023-24 stood at INR 0.14 crore, down 48.15 per cent from INR 0.27 crore during the corresponding period of the previous year. On a quarter-on-quarter calculation, the fall was more intense compared to the net sales of INR 0.48 crore in Q2 FY2024.
However, despite the fall in net sales, the company’s net profit skyrocketed by 204.98 per cent year-on-year from INR 2.01 crore to INR 6.13 crore in the third quarter of the ongoing financial year. On a quarter-on-quarter basis, the net profit increased by 60.05 per cent from INR 3.83 crore.
Hind’s EBITDA in Q3 stood at INR 5.53 crore versus INR 0.36 crore a year ago. Earnings per share also hiked year-on-year from INR 1.95 to INR 9.73 during Q3 FY2024.
On February 26, 2024, Hind Aluminium’s shares closed at INR 61.98, giving 65.32 per cent returns over the last six months and 77.09 per cent over a year.
Hind Aluminium specialises in manufacturing aluminium & alloy conductors and aluminium wire rods, which cater to a wide range of power transmission and distribution applications.
Responses
