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,...
Polaris Renewable Energy Q2 revenue up 15% on Punta Lima Wind Farm acquisition, strong Peru conditions
Polaris Renewable Energy Q2 revenue up 15% on Punta Lima Wind Farm acquisition, strong Peru conditions
Jul 31, 2025
Overview * Polaris Q2 rev rises 15% yr/yr, just beating analyst expectations, per LSEG data * Adjusted EBITDA for Q2 grows, reflecting improved operational efficiency * Co maintains quarterly dividend, ends Q2 with $90.7 mln cash position Outlook * Company expects curtailment levels to persist for the rest of the year * Polaris considers battery storage projects to enhance grid...
Delta Flight Makes Emergency Landing Due to Turbulence, 25 Injured
Delta Flight Makes Emergency Landing Due to Turbulence, 25 Injured
Jul 31, 2025
08:14 AM EDT, 07/31/2025 (MT Newswires) -- Delta Air Lines ( DAL ) Flight 56 from Salt Lake City to Amsterdam was forced to make an emergency landing in Minneapolis due to significant turbulence that sent 25 people to the hospital, the airline said late Wednesday. The aircraft, an Airbus A330-900, landed safely at Minneapolis-Saint Paul International Airport, Delta said...
Studio City Q2 revenue up 17.7%, narrows net loss
Studio City Q2 revenue up 17.7%, narrows net loss
Jul 31, 2025
Overview * Studio City Q2 revenue rises to $190.1 mln, driven by mass market operations * Adjusted EBITDA for Q2 increases to $76.4 mln, reflecting revenue growth * Net loss narrows to $3.7 mln from $33.4 mln in Q2 2024 Result Drivers * MASS MARKET OPERATIONS - Improved performance in mass market operations drove revenue increase, per company * CASINO...
Copyright 2023-2026 - www.financetom.com All Rights Reserved