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 >
Budweiser Parent Anheuser-Busch Says 'Beer Is A Passion Point For Consumers' On Strong Q4 Performance
Budweiser Parent Anheuser-Busch Says 'Beer Is A Passion Point For Consumers' On Strong Q4 Performance
Feb 26, 2025
On Wednesday, Anheuser-Busch InBev SA ( BUD )/NV , the parent company of Budweiser beer reported fourth-quarter FY24 sales growth of 3.4% year-on-year to $14.84 billion, beating the analyst consensus estimate of $14.05 billion. On an Organic basis, total volumes declined by 1.9%, with own beer volumes down by 2.1% and non-beer volumes declining by 1.1%. Revenue per hl grew 4.3%. Gross profit expanded 6.3%...
First Atlantic Nickel Discovers New Nickel Zone at Super Gulp
First Atlantic Nickel Discovers New Nickel Zone at Super Gulp
Feb 26, 2025
09:29 AM EST, 02/26/2025 (MT Newswires) -- First Atlantic Nickel ( FANCF ) , which lost 5.6% on Tuesday, reported on Wednesday, initial assay results from its first drill hole at the Super Gulp Zone, part of its Atlantic Nickel Project located in central Newfoundland. The company said the first drill hole returned assays of up to 0.32% nickel and...
Correction: United Therapeutics Q4 Net Income, Revenue Rise
Correction: United Therapeutics Q4 Net Income, Revenue Rise
Feb 26, 2025
09:28 AM EST, 02/26/2025 (MT Newswires) -- (Corrects the revenue in the headline and third paragraph.) United Therapeutics ( UTHR ) reported Q4 net income Wednesday of $6.19 per diluted share, up from $4.36 a year earlier. Analysts polled by FactSet expected $6.35. Revenue for the quarter ended Dec. 31 was $735.9 million, up from $614.7 million a year earlier....
BP Launches Strategic Review of Castrol Unit
BP Launches Strategic Review of Castrol Unit
Feb 26, 2025
09:29 AM EST, 02/26/2025 (MT Newswires) -- BP (BP) said Wednesday that it has launched a strategic review of its Castrol unit. The oil and gas giant said it will consider all options, but will focus on value creation. Proceeds from any potential transaction will go toward improving its balance sheet, BP said. Shares of BP were down 2.2% in...
Copyright 2023-2025 - www.financetom.com All Rights Reserved