New Delhi : Aluminium maker Hindalco Industries reported 36 % fall in standalone net profit to Rs 160 crore for the quarter ended March 31, mainly on account of Rs 146 crore liability towards Renewable Power Obligations (RPO).            The Aditya Birla Group flagship had posted net profit of Rs 248 crore in the January-March period of the previous fiscal, 2013-14, it said in a BSE filing.     Standalone net sales rose by 10 % to Rs 9,219 crore, from Rs 8,360 crore in the same quarter of 2013-14, it added.

Hindalco said: “Net profit after tax at Rs 160 crore in lower mainly on account of an exceptional item of Rs 146 crore liability provided towards RPO.”

On a quarter-on-quarter basis, net sales rose by 9 % helped by higher aluminium and copper sales volume, it added.

Hindalco stock closed 1.57 per cent down at Rs 132 per share on the BSE.

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