Hindalco profit rises 123% to ₹356 crore in Q4
Aditya Birla Group-owned aluminium maker Hindalco on Saturday posted a 123% year-on-year growth in net profit for the quarter ended March to ₹356 crore. However, revenue declined 7.5% to ₹8,668 crore. The profit rise was attributed to a lower cost of raw materials and an increase in aluminium production. For the entire fiscal 2015-16, profit fell 34% to ₹607 crore.