Hind Aluminium’s standalone net profit falls 55.23% in Q1 2017

<p><span style="font-family: Calibri; font-size: medium;">Hind Aluminium&nbsp;Industries, manufacturer of aluminium alloy and electrical grade wire rods, reported a 55.23 per cent decline in its standalone </span><strong><span style="font-family: Calibri; font-size: medium;">net profit</span></strong><span style="font-family: Calibri; font-size: medium;"> to INR 0.77 crore in the quarter ended March 2017 as compared to INR 1.72 crore during the previous quarter ended March 2016.</span></p> <p style="text-align: center;"><span style="font-family: Calibri; font-size: medium;"><img style="vertical-align: middle;" src="http://alcircle.com/uploads/images/ss-wire-rods-500x500.jpg" alt="news" width="448" height="286" /></span></p> <p><span style="font-family: Calibri; font-size: medium;">The company&rsquo;s </span><strong><span style="font-family: Calibri; font-size: medium;">sales</span></strong><span style="font-family: Calibri; font-size: medium;"> fell 32.56 per cent to INR 138.47 crore in the quarter ended March 2017 as compared to INR 205.33 crore during the previous quarter ended March 2016. </span></p> <p><strong><span style="font-family: Calibri; font-size: medium;">For the full year</span></strong><span style="font-family: Calibri; font-size: medium;">, the company&rsquo;s net profit declined 28.30 per cent to INR 6.46 crore in the year ended March 2017 as compared to INR 9.01 crore during the previous year ended March 2016. </span></p> <p><span style="font-family: Calibri; font-size: medium;">{googleAdsense}</span></p> <p><span style="font-family: Calibri; font-size: medium;">Hind Aluminium&nbsp;Industries sales declined 30.84 per cent to INR 496.86 crore in the year ended March 2017 as compared to INR 718.38 crore during the previous year ended March 2016.</span></p>