Hindalco Industries Share Price: Hindalco Industries has recently announced its financial results for the March 2023 quarter. Hindalco Industries has posted a net profit of Rs 2,411 crore for the March 2023 quarter, a decline of 37 percent. Hindalco Industries has earned a net profit of Rs 3,860 crore in the March quarter of the financial year 2021-22.
Aditya Birla Group company
Hindalco Industries, a part of the Aditya Birla Group, has collected a revenue of Rs 56,209 crore in the March quarter. While the total expenditure of the company has been recorded at Rs 53,372 crore. The company’s revenue was Rs 56,057 crore in the corresponding quarter of the previous financial year. While the expenditure was Rs 51,026 crore. Today, Thursday 25 May 2023, shares of Hindalco Industries are trading at Rs 400.30, down 1.62 per cent.
Shares of Hindalco Industries were trading with a fall of 1 percent in yesterday’s trading session. At the end of the day, the shares of this company closed at a price of Rs 407.05. Shares of Hindalco Industries have weakened by 16.42 percent on YTD basis. On January 18, 2023, the company’s stock touched its 52-week high of Rs 504.
33,959 crore of debt
A senior official of Hindalco Industries informed that as on March 31, 2023, Hindalco Industries has a net debt of Rs 33,959 crore. As on December 31, 2022, the company’s debt was Rs 41,716 crore.
Dividend distribution to investors of Rs.3
The Board of Directors of Hindalco Industries has announced a dividend of Rs 3 to investors for the financial year ending March 2023. Hindalco Industries is considered to be the world’s largest aluminum company in terms of revenue. This company fulfills more than half of India’s copper requirement.
Important: Investing in mutual funds and stock market is based on risks. Be sure to consult your financial advisor before investing in the stock market. Maharashtranama.com shall not be liable for any financial loss.
