Hindalco Industries Ltd reported a 0.5% decline in net profit to Rs 357 crore for the second quarter of 2013. Net sales rose 2.29% to Rs 63048.50 million, however net profit fell due to a reduction in net profit margin to 5.66% from 5.82% in the previous year. The company's equity capital increased 7.83% to Rs 2064.80 million while earnings per share declined slightly to Rs 1.85 from Rs 1.87 the prior year. Hindalco's stock price on the BSE closed 0.22% lower at Rs 111.20.
For the period the Power Grid Corporation of India Ltd reported Net Sales of Rs 33616.70 million and Net Profit of Rs 11290.60 million. While Net Sales rose by 36.29%, Net Profit grown by 39.52% and thereby NPM improved to 33.59% as compared to 32.81% during same period previous FY. Equity Capital for the period under consideration stands at Rs 46297.30 million. EPS as on 31-Dec-2012 stands at Rs 2.44 viz-a-viz Rs 1.75 as on 31-Dec-2011.
Tracing the firm global cues, bulls kick started the day northwards on D-Street. Sentiment remained upbeat as World Bank stated that Indian economy has come back on growth track and is likely to grow by 5.6% in FY15. Benchmarks climbed 0.45% to end day near intraday highs ahead of a crucial 2-day Fed meet about the wrapping up of the bond buying program and interest rate direction.
For the period the Power Grid Corporation of India Ltd reported Net Sales of Rs 33616.70 million and Net Profit of Rs 11290.60 million. While Net Sales rose by 36.29%, Net Profit grown by 39.52% and thereby NPM improved to 33.59% as compared to 32.81% during same period previous FY. Equity Capital for the period under consideration stands at Rs 46297.30 million. EPS as on 31-Dec-2012 stands at Rs 2.44 viz-a-viz Rs 1.75 as on 31-Dec-2011.
Tracing the firm global cues, bulls kick started the day northwards on D-Street. Sentiment remained upbeat as World Bank stated that Indian economy has come back on growth track and is likely to grow by 5.6% in FY15. Benchmarks climbed 0.45% to end day near intraday highs ahead of a crucial 2-day Fed meet about the wrapping up of the bond buying program and interest rate direction.
1. Hindalco's Q2 Net plunges 0.5% to Rs 357 crore
Hindalco Industries Ltd | Quarterly Result as on 30-Sep-2013 | 12-Nov-2013
For the period, the Hindalco Industries Ltd reported Net Sales of Rs 63048.50 million and Net Profit of Rs 3571.10 million. While Net Sales
rose by 2.29%, Net Profit came down by 0.49% and thereby NPM reduced to 5.66% as compared to 5.82% during same period previous FY
.
Equity Capital for the period under consideration has increased by 7.83% and stands at Rs 2064.80 million. EPS as on 30-Sep-2013 stands
at Rs 1.85 viz-a-viz Rs 1.87 as on 30-Sep-2012.
The stock of the Hindalco Industries Ltd at BSE opened at 112.15 touched a high 114.40 and low 110.05 before closing at 111.20 losing
0.22% over previous close. The trading volume for the stock at BSE stood at 1427392 shares and at NSE stood at 10337140 shares.
BSE
NSE
The stock shares 0.92% weight in S&P BSE Sensex. The S&P BSE Sensex closed today at 20281.91 (1.02% loss) and CNX Nifty closed at
6018.05 (1.00% loss).
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