Mumbai17 hours ago
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Hindalco Industries Ltd’s Q4FY24 (January-March) profit rose 31.6% year-on-year (YoY) to ₹3,174 crore. The company’s consolidated net profit in the same quarter a year ago was ₹2,411 crore.
Consolidated revenue from operations of Hindalco Industries increased by 0.24% on an annual basis. Revenue from operations stood at ₹55,994 crore in Q4FY24. Revenue in the same quarter a year ago i.e. fourth quarter of FY23 was ₹55,857 crore.
Hindalco Industries shares gave 68% return in one year
After the results, shares of Hindalco Industries Limited closed 0.30% higher at ₹ 678.80 today. It has given 68% returns in the last one year. The stock has risen 31.65% in the last 6 months. The market cap of the company is Rs 1.50 lakh crore.
Company’s profit increased by 0.57% in financial year 2024
Hindalco Industries’ consolidated profit for full FY24 rose 0.57% to ₹10,155 crore. The profit in FY 2023 was ₹10,097 crore.
3.24% decline in revenue in FY 2024
Hindalco’s consolidated revenue increased to ₹2,15,962 crore in FY2024. Revenue in FY 2023 was ₹2,23,202 crore. That means there has been a decline of 3.24% in revenue.
What is standalone and consolidated?
The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in the consolidated financial report, the entire company is reported.
