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Hindalco Industries' Consolidated Profit Slips in Fiscal Q4

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Hindalco Industries (NSE:HINDALCO, BOM:500440) consolidated attributable profit declined sharply to 26.0 billion Indian rupees in the fiscal fourth quarter ended March 31, from 52.8 billion rupees a year ago.

Earnings per share contracted to 11.67 rupees from 23.76 rupees a year earlier, the aluminium manufacturer said in a filing to the Indian stock exchanges on Friday.

Revenue from operations in fiscal Q4, however, increased to 781.3 billion rupees from 648.9 billion rupees a year ago.

The company's board recommended a final dividend of 5 rupees per equity share of 1 rupee each for the financial year ended March 31.

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