Hindalco Net Profit Rises 75% on Record India Performance

Hindalco is a big company in India that makes aluminium and copper.

The company shared how much money it made in the first three months of the financial year.

It made much more money this time than it did last year — its profit went up by about 75%.

Its sales also went up by about 32%.

The India part of the business did very well, helped by a new lower tax rate.

Its American company, Novelis, also made more money because metal prices were higher.

One of its factories in a place called Oswego started working again in June after it was damaged by fires.

A new factory in Bay Minette is almost ready and will start selling products next year.

The company still owes more money than before because it needs extra money to run its copper business and keep more stock.

The boss said the company started the new year on a strong note.