Hindalco first quarter net profit falls 67 percent
MUMBAI Aluminium and copper producer Hindalco Industries Ltd(HALC.NS) posted a 67 percent fall in quarterly profit, hurt by lower metal prices and realisations.
Net income for the first quarter ended June 30 dropped to 1.07 billion rupees ($16.4 million), from 3.28 billion rupees, a year earlier.
Net sales for the quarter rose 7 percent to 85.17 billion rupees.
($1 = 65.1050 rupees)
(Reporting by Aman Shah in Mumbai)