Hindalco net profit drops by 88.7% in Q3
Aluminium manufacturing company Hindalco posted an 88.7% fall in net profit to ₹40.46 crore for the quarter ended December from ₹359.36 crore in the year-ago period. Total income from operations dropped 5.26% to ₹8,150.27 crore, "impacted by the sharp drop in London Metal Exchange prices and regional aluminium premium, the macro economic factors beyond the company's control", Hindalco said.