Hindalco Posts Up Q4 Results

Hindalco IndustriesHindalco Industries has declared the results of the final quarter of the previous fiscal 2006-07.

Aditya Birla Group flagship company recorded 15.16 per cent growth in net profit at Rs 721.3 crore for the quarter ended March 31.

The company said the recent development take place on growing metal demand because of growth in infrastructure plus the auto industry.

The company had registered a net profit of Rs 626.3 crore for the same quarter ended March 31, 2006. The total income sprang up by 30.56 per cent to Rs 4,872.2 crore.

The company’s directors have decided not to recommend any added dividend and to treat the interim dividend declared earlier as the final one.

On March 12, the directors had already recommend an interim dividend of 170 per cent aggregating to Rs 177.3 crore plus corporate dividend tax of Rs 24.9 crore. The total payout was Rs 202.2 crore.

The company recorded an annual net profit of Rs 2,564.3 crore, as against Rs 1,655.5 crore a year-ago. Its overall income arose to Rs 18,683.1 crore during the fiscal from Rs 11,640.4 crore a year earlier.

The worldwide aluminium use is expected to have developed by 7.2 per cent during 2006. The demand is likely to be strong particularly from China and India.

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