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Hindalco Q4 profit down by 43% over dip in volumes

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₹668 crore, down 43% from ₹1,178 crore a year ago MUMBAI : Hindalco Industries Ltd, the flagship metals company of the Aditya Birla group, on Friday posted a March quarter net profit of ₹668 crore, down 43% from ₹1,178 crore a year ago.

A marginal drop in volumes in key product segments, lower realizations and a refinancing cost of ₹568 crore for its US subsidiary, Novelis, put profits under pressure.For fiscal 2020, Hindalco reported net profit of ₹3,767 crore, 31% below the ₹5,495 crore reported in FY19.The company kept costs under control, to improve its earnings before interest, tax, depreciation and amortization (Ebitda) by 3% year-on-year from ₹1,010 crore to ₹1,039 crore.

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Dame Vera Lynn dies aged 103
In May, for VE Day, she said: ‘They left their families and homes to fight for our freedom and many lost their lives trying to protect us and our liberties.’Dame Vera also encouraged the British public to ‘rediscover that same spirit that saw us through the war’ amid the coronavirus pandemic, in a special message before she turned 103 in March.The performer was born in East Ham, east London, on 20 March, 1917 and went on to perform for troops during the war, often at great personal risk, in countries including Egypt, India and Burma.In May this year, Dame Vera became the oldest artist to score a top 40 album in the UK when the 103-year-old saw her greatest hits album, 100, re-enter the chart at number 30, boosted by commemorations for the
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Vera Lynn - Dame Vera Lynn’s incredible legacy as Forces’ Sweetheart dies aged 103 - metro.co.uk - Britain
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Dame Vera Lynn’s incredible legacy as Forces’ Sweetheart dies aged 103
confirmed to have passed away by her family, who said in a statement: ‘The family are deeply saddened to announce the passing of one of Britain’s best-loved entertainers at the age of 103. ‘Dame Vera Lynn, who lived in Ditchling, East Sussex, passed away earlier today, 18 June 2020, surrounded by her close family.’The star’s passing comes as she enjoyed a resurgence during the last months of her life, as the lyrics of her wartime classic We’ll Meet Again became a source of comfort to many Britons during the coronavirus pandemic.The song, which originally helped raise spirits during the Blitz, was channelled by The Queen as she told those separated from family and friends during lockdown: ‘We will meet again.’Dame Vera told the Radio Times:
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