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Hindalco’s total income on a standalone basis increased to Rs 11,969.6 crore, over Rs 9,472 crore in the year-ago period
Hindalco net sales, however, fell about 12% to Rs7,501.39 crore from Rs8,517.29 crore a year earlier due to a sharp decline in realizations
Metals X Ltd (ASX:MLX) has completed an institutional placement to raise $100.6 million and is now undertaking a share purchase plan of to raise up to $15 million. The company is also looking to demerge its gold division from the remainder of its diversified base metal assets, following the takeover of Aditya Birla Minerals Ltd’s (ASX:ABY) Nifty copper mine. Over the past few years, Metals X has made a number of shrewd acquisitions and has built a formidable diversified mining company.
The flagship firm of the Aditya Birla Group had clocked a net profit of Rs 854.21 crore in the year-ago period, it said in a regulatory filing.
Aluminium maker Hindalco today reported a steep 95 per cent decline in its consolidated net profit at Rs 44.81 crore for the June quarter, mainly hit by impairment charges and write downs.
Aluminium maker Hindalco today reported a steep 95 per cent decline in its consolidated net profit at Rs 44.81 crore for the June quarter, mainly hit by impairment charges and write downs. The flagship firm of the Aditya Birla Group had clocked a net profit of Rs 854.21 crore in the year-ago period, it said in a regulatory filing. Total consolidated income of the firm also declined, albeit by 4 per cent, to Rs 1,00,042.
Hindalco’s total consolidated income also declined, albeit by 4%, to Rs1,00,042.16 crore in Q1 against Rs1,04,281.10 crore during the same period of 2015-16
Wipro's consolidated net profit attributable to equity holders fell 6.38% to Rs 2051.80 crore on 11.12% growth in gross revenue to Rs 13599.20 crore in Q1 June 2016 over Q1 June 2015. The results are as per International Financial Reporting Standards (IFRS). Revenue from IT services business rose 2.6% to $1,930.8 million in Q1 June 2016 over Q4 March 2016. Non-GAAP constant currency IT services segment revenue in dollar terms grew 2% sequentially and 9.
Aluminium maker Hindalco today said Reserve Bank of India (RBI) has approved Australian miner Metal X’s improved takeover offer for its subsidiary Aditya Birla Minerals Ltd (ABML).
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