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 >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Doximity Fiscal Q4 Non-GAAP EPS, Revenue Rise; Q1, FY Outlook Set; Shares Fall After Hours
Doximity Fiscal Q4 Non-GAAP EPS, Revenue Rise; Q1, FY Outlook Set; Shares Fall After Hours
May 26, 2025
04:17 PM EDT, 05/15/2025 (MT Newswires) -- Doximity ( DOCS ) reported fiscal Q4 non-GAAP earnings late Thursday of $0.38 per diluted share, up from $0.25 a year ago. Analysts polled by FactSet expected $0.27. Revenue in the quarter ended March 31 rose to $138.3 million from $118.1 million a year earlier. Analysts surveyed by FactSet expected $133.7 million. The...
Bit Digital Swings to Q1 Loss, Revenue Declines
Bit Digital Swings to Q1 Loss, Revenue Declines
May 26, 2025
04:20 PM EDT, 05/15/2025 (MT Newswires) -- Bit Digital ( BTBT ) reported a Q1 loss late Thursday of $0.32 per diluted share, swinging from earnings of $0.43 a year earlier. Analysts polled by FactSet expected a loss of $0.05. Revenue for the quarter ended March 31 was $25.1 million, down from $30.4 million a year earlier. Analysts polled by...
Applied Materials Fiscal Q2 Profit, Revenue Rise; Issues Outlook
Applied Materials Fiscal Q2 Profit, Revenue Rise; Issues Outlook
May 26, 2025
04:17 PM EDT, 05/15/2025 (MT Newswires) -- Applied Materials ( AMAT ) reported fiscal Q2 non-GAAP earnings late Thursday of $2.39 per diluted share, up from $2.09 a year earlier. Analysts polled by FactSet expected $2.31. Revenue for the quarter ended April 27 was $7.10 billion, up from $6.65 billion a year earlier. Analysts surveyed by FactSet expected $7.13 billion....
Copyright 2023-2025 - www.financetom.com All Rights Reserved