Hind Aluminium reports 60% drop in sales in the September 2020 quarter
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, published its results for the quarter ended September 2020.
Hind Aluminium’s sales stood at INR 43.62 crore in the quarter ended September 2020, a decline of 60.29% year-on-year. The company had reported sales of INR109.84 crore during the previous quarter ended September 2019.
Net loss came in at INR 4.30 crore in the September quarter as against net loss of INR 0.72 crore during the previous quarter. That was down 497.22% year-on-year.
Hind Aluminium Industries Limited is engaged in manufacturing conductors for power transmission and distribution in Dadra & Nagar Haveli, Silvassa (UT), India. The plant also manufactures wire rods and flipped coils of aluminium.
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