Mumbai: Shares of aluminium maker Hindalco today fell nearly 3 percent after the company reported a steep 67 percent drop in standalone net profit for the June quarter.
The stock was down 2.63 percent at Rs 90.85 at close on BSE. During the day, it fell 3.8 percent to Rs 89.75.
On NSE, it dived 2.68 percent to end at Rs 90.65.
Hindalco on Friday reported a steep 67 percent drop in standalone net profit at Rs 107.19 crore for the quarter ended June 30, due to lower realisation.
The flagship firm of the Aditya Birla group had clocked a net profit of Rs 327.50 crore in the year-ago period, it had said in a BSE filing.
Standalone revenue went up 7 percent to Rs 8,575.27 crore in April-June of this fiscal, from Rs 7,996.14 crore in the same quarter of 2014-15.
The company's total expenses rose 8 percent to Rs 8,029.92 crore, from Rs 7,434.79 crore in the reported quarter.
