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 >
Biomaterials firm SINTX misses Q3 revenue estimates
Biomaterials firm SINTX misses Q3 revenue estimates
Nov 13, 2025
Overview * SINTX ( SINT ) Q3 revenue of $0.2 mln missed analyst expectations * Operating expenses decreased 51% yr/yr, reducing operating loss to $3.4 mln * Company strengthened liquidity with $4.3 mln raised through warrant exercises Outlook * SINTX ( SINT ) plans to launch the SINAPTIC wedge system in the near term * Company aims to expand clinical...
Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation loss
Digital asset treasury company Oblong Q3 loss widens on TAO token revaluation loss
Nov 13, 2025
Overview * Oblong Q3 revenue grows 4% yr/yr, reaching $0.6 mln * Net loss widens to $2.3 mln, impacted by $1.5 mln TAO revaluation loss * Adjusted EBITDA loss narrows 26% yr/yr to $0.7 mln Outlook * Oblong highlights upcoming block-reward halving in December 2025 as a significant event * Company expects Bittensor network upgrades to enhance scalability and performance...
Biopharma firm Clene reports Q3 net loss of $8.8 mln
Biopharma firm Clene reports Q3 net loss of $8.8 mln
Nov 13, 2025
Overview * Clene ( CLNN ) reports Q3 net loss of $8.8 mln, increased from $8.0 mln last year * Cash and cash equivalents total $7.9 mln, runway extended into Q2 2026 * Company plans NDA submission for CNM-Au8 in Q1 2026 under accelerated approval Outlook * Clene plans to submit NDA for ALS treatment in Q1 2026 * Company...
Genetic medicines firm MeiraGTx misses Q3 revenue expectations, net loss widens
Genetic medicines firm MeiraGTx misses Q3 revenue expectations, net loss widens
Nov 13, 2025
Overview * MeiraGTx ( MGTX ) Q3 revenue misses analyst expectations, declining significantly from last year * Company enters strategic collaboration with Eli Lilly, including $75 mln upfront payment * Net loss widens to $50.5 mln in Q3, driven by increased R&D expenses Outlook * Company anticipates Phase 2 data for AAV-hAQP1 in early 2027 * MeiraGTx ( MGTX )...
Copyright 2023-2026 - www.financetom.com All Rights Reserved