Hindalco’s net up

The Aditya Birla Group’s flagship company Hindalco Industries Ltd on Friday reported a marginal growth in the net profit at Rs 686 crore for the year ending March 31, 2002 as compared to Rs 678 crore for the previous year.

The board has recommended a dividend of Rs 13.5 per equity, which would be in line with the applicable regulations. The total outgo would be Rs 100.52 crore, a company official said.

Net sales had risen by 2.46 per cent at Rs 2,331.4 crore compared to Rs 2,275.4 crore the previous fiscal, the other income rose sharply by 60.38 per cent at Rs 210.9 crore (Rs. 131.5 crore).