financetom
Business
financetom
/
Business
/
India's Hindalco beats Q2 profit view on higher aluminium prices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India's Hindalco beats Q2 profit view on higher aluminium prices
Nov 11, 2024 6:18 AM

Nov 11 (Reuters) - India's Hindalco Industries

, one of the country's largest aluminium and copper

producers, posted a higher-than-expected second-quarter profit

on Monday, helped by higher aluminium prices.

The company, owned by the Aditya Birla Group, said its

consolidated net profit jumped 78% to 39.09 billion rupees

($463.3 million) for the three months ended Sept. 30, beating

estimates.

Analysts, on average, had expected a profit of 34.46 billion

rupees, according to data compiled by LSEG.

($1 = 84.3700 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Sumana

Nandy and Abinaya Vijayaraghavan)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BRIEF-Bakkt to Acquire Marusho Hotta, Rebrand as bitcoin.jp in Global Bitcoin Strategy
BRIEF-Bakkt to Acquire Marusho Hotta, Rebrand as bitcoin.jp in Global Bitcoin Strategy
Aug 6, 2025
Aug 6 (Reuters) - Bakkt Holdings Inc ( BKKT/WS ): * BAKKT HOLDINGS TO ACQUIRE SHARES OF JAPANESE COMPANY MARUSHO HOTTA; COMPANY TO BE RENAMED BITCOIN.JP; TRANSACTION EXPECTED TO KICK OFF BAKKT'S MULTINATIONAL BITCOIN TREASURY STRATEGY * BAKKT HOLDINGS INC ( BKKT/WS ): TO ACQUIRE APPROXIMATELY 30% OF OUTSTANDING SHARES OF MARUSHOHOTTA CO., LTD Source text: Further company coverage: ...
Extreme Networks Swings to Fiscal Q4 Profit, Revenue Rises; Fiscal Q1, 2026 Guidance Set
Extreme Networks Swings to Fiscal Q4 Profit, Revenue Rises; Fiscal Q1, 2026 Guidance Set
Aug 6, 2025
08:27 AM EDT, 08/06/2025 (MT Newswires) -- Extreme Networks ( EXTR ) reported fiscal Q4 non-GAAP earnings Wednesday of $0.25 per diluted share, swinging from a loss of $0.08 a year earlier. Analysts surveyed by FactSet expected earnings of $0.23. Net revenue for the quarter ended June 30 was $307 million, up from $256.7 million a year earlier. Analysts polled...
Air Canada Changes Aeroplan Points System to Track Money Spent Rather Than Distance Traveled
Air Canada Changes Aeroplan Points System to Track Money Spent Rather Than Distance Traveled
Aug 6, 2025
08:26 AM EDT, 08/06/2025 (MT Newswires) -- Air Canada ( ACDVF ) on Wednesday said that from Jan. 1 Aeroplan members will earn points based on dollars spent rather than the distance travelled. Members will earn at least one Aeroplan point per $1 spent on eligible Air Canada ( ACDVF ) flights. Also beginning next year, Air Canada ( ACDVF...
Copyright 2023-2026 - www.financetom.com All Rights Reserved