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 >
Outlook Therapeutics Says Lytenava Gets FDA Approval for Retinal Disease Treatment
Outlook Therapeutics Says Lytenava Gets FDA Approval for Retinal Disease Treatment
Jul 24, 2026
03:18 PM EDT, 07/24/2026 (MT Newswires) -- Outlook Therapeutics ( OTLK ) said Friday the US Food and Drug Administration has approved Lytenava for the treatment of neovascular age-related macular degeneration, commonly known as wet AMD, which is a chronic, progressive retinal disease. The company said it expects the approval to grant Lytenava 12 years of reference product exclusivity under...
AM Best Comments on Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries Following Announced Transaction with Medical Mutual of Ohio
AM Best Comments on Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries Following Announced Transaction with Medical Mutual of Ohio
Jul 24, 2026
OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has commented that the Credit Ratings (ratings) of Horace Mann Educators Corporation (headquartered in Springfield, IL) and its subsidiaries remain unchanged following the announcement of its transaction with Medical Mutual of Ohio to acquire Employee Services, LLC (ESI) and Reserve National Insurance Company (RNIC). Additionally, Horace Mann will reinsure MedMutual Life Insurance Company’s group life...
Update: NIP Group Shares Rise After Regaining Nasdaq Minimum Bid Price Compliance
Update: NIP Group Shares Rise After Regaining Nasdaq Minimum Bid Price Compliance
Jul 24, 2026
03:25 PM EDT, 07/24/2026 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.) NIP Group ( NIPG ) shares rose 37.9% on Friday after the company said it regained compliance with Nasdaq's minimum bid price requirement after receiving confirmation from the exchange on July 21. Nasdaq determined that NIP's American depositary shares...
Rivian Automotive Sues US for Refund of Tariffs After Supreme Court Ruling
Rivian Automotive Sues US for Refund of Tariffs After Supreme Court Ruling
Jul 24, 2026
03:19 PM EDT, 07/24/2026 (MT Newswires) -- Rivian Automotive ( RIVN ) filed a lawsuit in the US Court of International Trade seeking refunds of tariffs it paid under the International Emergency Economic Powers Act after the US Supreme Court ruled the levies were unlawful, according to a Thursday court filing. The electric-vehicle maker is asking the court to declare...
Copyright 2023-2026 - www.financetom.com All Rights Reserved