Mumbai :  Facing a tough business environment, Hindalco Industries, the flagship metal arm of the Aditya Birla Group, reported standalone net profit declined 23 per cent to Rs 334 crore in the quarter ended December 31 on the back of a higher tax outgo.

Profit was Rs 434 crore in the same period a year earlier, the company said in a statement. Revenue from operations increased 15%to Rs 7,273 crore in the third quarter of this financial year. Operating profit of the leading aluminium and copper producer rose 8 per cent to Rs 629 crore as against Rs 582 crore in the same period a year ago.

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