Hind Aluminium reports 19.48 % YoY decline in revenue in June quarter
Hind Aluminium Industries Limited, manufacturers of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, announced unaudited consolidated financial results for the quarter ended 30 June, 2019.
Revenue from Operation dropped 19.48 per cent year-on-year. Revenue decreased from INR168.70 crore in the quarter ended 30 June, 2018 to INR 135.83 crore in the quarter ended 30 June 2019. On a quarterly basis, revenue increased 14.79 per cent from audited figure of INR 118.33 crore.
Hind Aluminium Industries Limited is engaged in manufacturing conductors in Dadra & Nagar Haveli, Silvassa (UT), India. The plant also manufactures wire rods and flipped cols of aluminium.
Net loss stood at INR1.15 crore in the quarter ended June 2019 as against net profit of INR 5.46 crore in the quarter ended June 2018. Data shows a decline of 78.94 per cent year-on-year.
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