Hind Aluminium reports 84.78% decline in sales in the June 2020 quarter
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, announced consolidated financial results for the quarter ended June 2020.
The company reported net loss of INR 2.86 crore in the quarter ended June 2020 as against net loss of INR 0.84 crore during the previous quarter ended June 2019.
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Sales of Hind Aluminium stood at INR 20.67 crore in the quarter ended June 2020, a drop of 84.78% year-on-year. The company had reported sales of INR135.83 crore during the previous quarter ended June 2019.
Hind Aluminium Industries Limited is engaged in manufacturing conductors for power transmission and distribution in Dadra & Nagar Haveli, Silvassa (UT), India. The plant also manufactures wire rods and flipped coils of aluminium.
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