Hind Aluminium posts a 13% hike in net profit to INR 2.95 crore for the June quarter of FY2024
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods, reported net sales of INR 0.38 crore in the June quarter versus INR 0.33 crore a quarter ago and INR 1 crore a year earlier.
At the end of FY2023, Hind Aluminium’s net sales amounted to INR 2.38 crore.
Net profit stood at INR 2.95 crore in the said quarter, registering a year-on-year hike of 13.03 per cent, from INR 2.61 crore, showed Hind Aluminium’s quarterly results. For the March quarter of FY2024, Hind Aluminium posted a loss of INR 10.65 crore.
EBITDA stood at INR 4.52 crore in the June quarter of FY2024, showcasing an increase of 3.43 per cent from INR 4.37 crore in FY2023. In the March quarter, Hind’s EBITDA stood negative at INR 12.91 crore
Hind Aluminium’s Equity per Share (EPS) was recorded at INR 4.68 in the June quarter – 13.04 per cent more than INR 4.14 a year ago.
On August 10, Hind Aluminium shares closed at INR 37.20. Over the past six month, the company delivered -2.87 per cent returns, and over the last twelve months, it gave -1.85 per cent returns.
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