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Aditya Birla Group company Hindalco Industries has registered eight per cent rise in its net profit at Rs 460 crore for the third quarter ended December 31, 2010 amid higher aluminium prices.
The company’s net sales and operating revenue increased by 12 per cent at Rs 5,975 crore in Q3 FY 11 driven by better geographic mix and improved realisation, despite lower metal volumes, the company said in a press release here.
Metal volumes were impacted due to power outage at the Hirakud smelter and cooling tower outage at Dahej smelter, which in turn affected production, the release said.
The company’s EBITDA was maintained despite lower metal volume, with improved efficiencies and planned cost saving initiatives. The company benefited from higher prices in its aluminium business and better by-product realisation in copper business, it said.
The quarterly EBITDA had been impacted by Rs 200 crore of which Rs 100 crore was related to Hirakud and Dahej outages and the remaining due to higher carbon and energy cost along with lower treating and refining charges compared to Q3 FY10.
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