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 >
Update: Market Chatter: Reddit Sues 4 Firms Over Alleged Data Theft by Scraping Google Results
Update: Market Chatter: Reddit Sues 4 Firms Over Alleged Data Theft by Scraping Google Results
Oct 23, 2025
12:29 PM EDT, 10/23/2025 (MT Newswires) -- (Updates with Oxylabs' response in fifth paragraph and latest Reddit ( RDDT ) stock movement in the last paragraph.) Reddit ( RDDT ) filed a lawsuit in federal court against four companies for allegedly stealing data by scraping Google search results that showed Reddit ( RDDT ) content, The New York Times reported...
--Evercore ISI Adjusts West Pharmaceutical Services PT to $390 From $350, Maintains Outperform Rating
--Evercore ISI Adjusts West Pharmaceutical Services PT to $390 From $350, Maintains Outperform Rating
Oct 23, 2025
12:25 PM EDT, 10/23/2025 (MT Newswires) -- Price: 308.79, Change: +31.79, Percent Change: +11.47 ...
Update: Google Signs Power Offtake Deal With Planned US Carbon Capture Plant in Illinois
Update: Google Signs Power Offtake Deal With Planned US Carbon Capture Plant in Illinois
Oct 23, 2025
12:19 PM EDT, 10/23/2025 (MT Newswires) -- (Updates with Google ( GOOG ) statement throughout.) Alphabet's (GOOGL, GOOG) Google ( GOOG ) said Thursday it signed a corporate agreement, under which the technology company will purchase electricity from a gas power plant that will capture and permanently store about 90% of its carbon dioxide emissions. The Broadwing power project, located...
Staar Surgical adjourns vote on acquisition by Alcon
Staar Surgical adjourns vote on acquisition by Alcon
Oct 23, 2025
Oct 23 (Reuters) - Staar Surgical ( STAA ) has adjourned its shareholder vote on Swiss eyecare giant Alcon's $1.5 billion takeover offer until November 6, the company said on Thursday. The delay comes amid opposing campaigns between Staar's board and key investors, led by Broadwood Partners which owns 27.5%. Opposing shareholders argue that the deal undervalues the business and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved