Author: Drishya Yadav
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India: Hindalco’s net profit slumps 63% y-o-y in Q3FY’23
Aditya Birla Group’s metals flagship Hindalco Industries has reported consolidated net profit at INR 1,362 crore for Q3FY’23. Profit declined by a sharp 63% y-o-y primarily due to elevated input costs, unfavourable macros and inflationary impacts. The company’s consolidated revenue for Q3 rose nearly 6% y-o-y to INR 53,151 crore. Quarterly consolidated EBITDA stood at…