Hindalco Industries, the Aditya Birla Group company, reported a drop in net profit for the quarter ended June 2014.

During the quarter, the profit of the company dropped 30.80% to Rs 3.28 billion from Rs 4.74 billion in the same quarter previous year.

Net sales for the quarter went up 37% to Rs 79.96 billion when compared with the prior year period.

Shares of the company declined Rs 1.5, or 0.83%, to settle at Rs 178.50. The total volume of shares traded was 1,724,610 at the BSE (Thursday).