Hind Aluminium, a manufacturer of aluminium & alloy conductors and aluminium wire rods, announced its first quarter financial results for the fiscal year 2024-25, reporting a fall in net sales to INR 0.25 crore. On a quarter-on-quarter basis, the Q1 net sales decreased by 24 per cent from INR 0.33 crore, and that on a year-on-year calculation plunged by 34 per cent from INR 0.38 crore.
The company’s net profit was in the June quarter of FY2024-25 was INR 0.05 crore, dramatically down by 97 per cent from INR 1.55 crore a quarter ago and 98 per cent less than INR 2.95 crore a year earlier. The sharp decline in net profit could be attributed to increased raw material costs due to higher prices of primary aluminium on LME, coupled with weaker demand for aluminium products.
EBITDA stood at INR 0.31 crore in the June quarter, reflecting an annual downfall of 93 per cent from INR 4.52 crore. Earning per share decreased to INR 0.08 in Q1 from INR 4.68 during the corresponding period of the previous year.
The fiscal results also highlighted that Hind Aluminium delivered 2.01 per cent returns over the past six months and 56.32 per cent returns over the twelve months.
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