Hindalco’s Q1FY11 results were largely in line with expectation. Revenue for Q1FY11 declined by 4% Q-o-Q to Rs 5145.5 crore. Operating profit registered de growth of 0.4% Q-o-Q to Rs 832.5 crore. Net profit at Rs534.4 crore was down by 19.5% Q-o-Q. On Y-o-Y basis, revenues were up 33% while operating profit and net profit were up by 9.9% and 11.2% respectively.