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 >
LGI Homes Opening New Community North of Minneapolis
LGI Homes Opening New Community North of Minneapolis
May 17, 2024
10:32 AM EDT, 05/17/2024 (MT Newswires) -- LGI Homes ( LGIH ) said Friday it is opening a new community in Cambridge, Minnesota, north of Minneapolis. The homebuilder said the new homes are priced starting from around $290,000. LGI shares were down 0.3% in recent Friday trading. Price: 104.81, Change: -0.43, Percent Change: -0.41 ...
American Vanguard Insider Bought Shares Worth $355,200, According to a Recent SEC Filing
American Vanguard Insider Bought Shares Worth $355,200, According to a Recent SEC Filing
May 17, 2024
10:32 AM EDT, 05/17/2024 (MT Newswires) -- Keith M Rosenbloom, Director, on May 15, 2024, executed a purchase for 40,000 shares in American Vanguard ( AVD ) for $355,200. Following the Form 4 filing with the SEC, Rosenbloom has control over a total of 1,021,771 shares of the company, with 7,616 shares held directly and 1,014,155 controlled indirectly. SEC Filing:...
American Resources' ReElement Accepted as Defense Industrial Base Consortium Member
American Resources' ReElement Accepted as Defense Industrial Base Consortium Member
May 17, 2024
10:30 AM EDT, 05/17/2024 (MT Newswires) -- American Resources' ( AREC ) ReElement Technologies said Friday it has been accepted as a member of the Defense Industrial Base Consortium, a members-only industry collective of companies. The consortium aims to expand a resilient defense industrial base to meet national security needs, the company said. Price: 1.34, Change: +0.02, Percent Change: +1.91...
Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports
Tesla chair sees challenges in getting shareholder vote for Musk's pay package, FT reports
May 17, 2024
May 17 (Reuters) - Tesla's chair of the board said the company needs to climb Mount Everest as it faces shareholder votes on relocating to Texas and CEO Elon Musk's $56 billion pay deal, the Financial Times reported on Friday. Robyn Denholm, who has held Tesla's chairperson position since 2018, also dismissed criticism that she is too close to Musk,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved