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Hindalco first quarter net profit falls 67 percent

reuters | Posted on 2015-08-14 08:03 PM

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)

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