Hindalco’s standalone Q3 net profit down 89 percent

Mumbai, Feb 9 (IANS) Aditya Birla Group’s flagship company Hindalco on Tuesday posted a decline of 88.74 percent in its standalone net profit which stood at Rs.40.46 crore for the third quarter ended December 31, 2015.

The company had earned a net profit of Rs.359.36 crore for the quarter ended December 31, 2014.

According to the company, its total income decreased by 4.70 percent to Rs.8,400.38 crore from Rs.8,815.51 crore for the quarter ended December 31, 2014.

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