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 >
US sues to break up Live Nation-Ticketmaster
US sues to break up Live Nation-Ticketmaster
May 23, 2024
WASHINGTON (Reuters) -The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. It is time to break up Live Nation, said U.S. Attorney General Merrick Garland. Concert fans and politicians for...
Wayfair Opens First Large-Format Store in Illinois
Wayfair Opens First Large-Format Store in Illinois
May 23, 2024
10:45 AM EDT, 05/23/2024 (MT Newswires) -- Wayfair ( W ) said Thursday that it opened its first large-format store in Wilmette, Illinois. The company said the new two-story store spans 150,000 square feet and houses 19 departments of home products such as furniture, decor, and appliances, among others. Price: 61.46, Change: -1.12, Percent Change: -1.79 ...
Why Is Aerospace Company Triumph Stock Tumbling Today?
Why Is Aerospace Company Triumph Stock Tumbling Today?
May 23, 2024
Triumph Group, Inc. ( TGI ) shares are trading lower after the company reported fourth-quarter FY24 results. Sales of $358.6 million (+11% Y/Y organically) beat the consensus of $342.1 million. The company reported an adjusted EPS of $0.31, beating the consensus of $0.20. Backlog was $1.9 billion, up 22% Y/Y, led by commercial OEM platforms. Adjusted operating income was $55.8 million (vs. $46.7 million a...
Amazon to deorbit pair of prototype satellites, calling tests successful
Amazon to deorbit pair of prototype satellites, calling tests successful
May 23, 2024
WASHINGTON, May 23 (Reuters) - Amazon ( AMZN ) on Thursday said it would begin a process to deorbit two prototype satellites it launched in 2023 as an early test of its Kuiper broadband internet constellation, a planned network of over 3,000 satellites that will compete with SpaceX's Starlink. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved