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 >
Sector Update: Consumer
Sector Update: Consumer
Jan 3, 2025
08:41 AM EST, 01/03/2025 (MT Newswires) -- Consumer shares were advancing pre-bell Friday with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.5% higher recently. Nu Skin Enterprises ( NUS ) shares jumped 19% after saying that its Rhyz unit sold its Mavely marketing technology platform to Later, a...
EV maker Rivian beats expectations for deliveries as supply snag eases
EV maker Rivian beats expectations for deliveries as supply snag eases
Jan 3, 2025
Jan 3 (Reuters) - Rivian surpassed analysts' expectations for fourth-quarter deliveries on Friday and said its production was no longer constrained by a component shortage, a positive sign for the electric vehicle maker aiming to turn its first profit. The shortage of the part used in its R1 SUV and R1T pickups, as well as its delivery vans, started in...
Carebook Technologies to Go Private
Carebook Technologies to Go Private
Jan 3, 2025
08:43 AM EST, 01/03/2025 (MT Newswires) -- Carebook Technologies (CBRK.V) on Friday signed a definitive agreement with its majority shareholder UIL offering to buy all of the common shares for $0.10 apiece in cash. The company expects the deal to close in the first quarter, subject to the satisfaction of customary closing conditions. The price is a premium of about...
EV maker Rivian beats expectations for deliveries as supply snag eases
EV maker Rivian beats expectations for deliveries as supply snag eases
Jan 3, 2025
(Reuters) -Rivian surpassed analysts' expectations for fourth-quarter deliveries on Friday and said its production was no longer constrained by a component shortage, a positive sign for the electric vehicle maker aiming to turn its first profit. Shares of the California-based company rose nearly 6% in premarket trading. The stock lost more than 40% of its value in 2024. The shortage...
Copyright 2023-2026 - www.financetom.com All Rights Reserved