Aluminium and copper producer Hindalco Industries on Thursday posted a drop in quarterly profit that missed estimates, hurt by lower margins.
Net income for the quarter ended March 31, Hindalco’s fiscal fourth, was Rs 160 crore compared with Rs 248 crore a year earlier, the flagship company of the Aditya Birla conglomerate said in a statement.
Net sales came in at Rs 9,219 crore, compared with Rs 8,360 crore a year ago.
