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 >
Walt Disney Reportedly Pulls Marvel Studios' 'Blade' From 2025 Release Schedule
Walt Disney Reportedly Pulls Marvel Studios' 'Blade' From 2025 Release Schedule
Oct 22, 2024
01:58 PM EDT, 10/22/2024 (MT Newswires) -- Walt Disney ( DIS ) will release 20th Century Studios' Predator: Badlands on Nov. 7, 2025, instead of Marvel Studios' Blade, multiple media outlets reported Tuesday. Blade, starring Oscar winner Mahershala Ali, has been removed from the 2025 release schedule, reports said. The reports added that there are three untitled Marvel movies with...
Market Chatter: Five9 Faces Increased Shareholder Activism as Legion Partners Builds Stake
Market Chatter: Five9 Faces Increased Shareholder Activism as Legion Partners Builds Stake
Oct 22, 2024
01:33 PM EDT, 10/22/2024 (MT Newswires) -- Five9 ( FIVN ) is facing increased shareholder activism after another firm built a stake in the company and began campaigning for a board seat, Reuters reported Tuesday, citing sources familiar with the matter. According to Reuters, Legion Partners has amassed a stake in the contact center software provider and is vying for...
Sector Update: Consumer
Sector Update: Consumer
Oct 22, 2024
01:35 PM EDT, 10/22/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.5%. Redbook US same-store sales last week rose 4.6% from a year earlier versus the 5.6% gain in the previous week. In corporate news, General Motors...
Goldman Sachs faces US CFPB fine over credit card business, WSJ reports
Goldman Sachs faces US CFPB fine over credit card business, WSJ reports
Oct 22, 2024
Oct 22 (Reuters) - Goldman Sachs ( GS ) is facing a fine in the tens of millions of dollars from the U.S. Consumer Financial Protection Bureau over its credit card business, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved