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 >
Sportsman's Warehouse Rallies On Q3 Earnings Surprise: Gross Margins Shine Amid Declining Sales
Sportsman's Warehouse Rallies On Q3 Earnings Surprise: Gross Margins Shine Amid Declining Sales
Dec 11, 2024
Sportsman’s Warehouse Holdings, Inc. shares are trading higher premarket on Wednesday. On Tuesday, the company reported a net sales decline of 4.8% year over year to $324.3 million, beating the consensus of $287.1 million. Sales decreased year over year primarily due to inflationary pressures reducing discretionary spending. This led to lower store traffic and decreased demand across most product categories,...
BMO Comments on Canada's Government Deficit Targets
BMO Comments on Canada's Government Deficit Targets
Dec 11, 2024
07:19 AM EST, 12/11/2024 (MT Newswires) -- Unless there is some miraculous revenue well-spring, Canada's government isn't close to hitting its deficit target of C$40 billion or less for FY2024/25, said Bank of Montreal (BMO). You don't need the Parliamentary Budget Officer to say finances are offside from prior projections, noted the bank. The monthly budget figures are there for...
Bausch+Lomb Down 10% in US Premarket After Acquiring Elios Vision for Undisclosed Sum
Bausch+Lomb Down 10% in US Premarket After Acquiring Elios Vision for Undisclosed Sum
Dec 11, 2024
07:22 AM EST, 12/11/2024 (MT Newswires) -- Bausch+Lomb , a global eye health company, was at last look down 10% in US premarket trade on Wednesday -- after announcing that an affiliate acquired Elios Vision for an undisclosed sum. A statement noted Elios Vision is developer of the 'ELIOS' procedure, the first clinically validated, minimally invasive glaucoma surgery (MIGS) procedure...
MannKind, Cipla Say Afrezza Inhalation Powder Approved for Diabetes in India
MannKind, Cipla Say Afrezza Inhalation Powder Approved for Diabetes in India
Dec 11, 2024
07:19 AM EST, 12/11/2024 (MT Newswires) -- MannKind ( MNKD ) and its Indian partner Cipla said Wednesday that India's Central Drugs Standard Control Organization has approved Afrezza inhalation powder for adults with diabetes. MannKind ( MNKD ) expects to ship Afrezza to Cipla by the end of 2025, the companies said. Under an exclusive marketing and distribution agreement for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved