Hindalco Industries first-quarter profit falls about 1.6 percent

Hindalco Industries Ltd, India`s biggest producer of aluminium and copper, posted an about 1.6 percent fall in quarterly net profit on Friday.

The profit fell to 2.90 billion rupees ($45.2 million) in the first quarter ended June 30, from 2.94 billion rupees a year earlier, the company said. (http://bit.ly/2voUCxw)

The profit included a 1.04 billion rupees provision related to a Supreme Court ruling on mining regulation, the company said.

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The company shares were down 5.4 percent at 225.15 rupees at 0815 GMT.

($1 = 64.1275 Indian rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)