India: Hindalco net profit falls 35% y-o-y in FY23

Hindalco Industries Limited, the Aditya Birla Group metals flagship, reported a drop of  35.5% y-o-y fall in consolidated net profit for the September quarter to Rs 2,205 crore, following a decline in aluminium prices and rising input costs. Meanwhile, consolidated revenue for the company rose 18% y-o-y to INR 56,176 crore in Q2 FY23 from INR  47,665 crore in the year-ago quarter.


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