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 >
Globalstar to Enact 1-for-15 Reverse Stock Split, Move Listing to Nasdaq
Globalstar to Enact 1-for-15 Reverse Stock Split, Move Listing to Nasdaq
Feb 7, 2025
07:42 AM EST, 02/07/2025 (MT Newswires) -- Globalstar ( GSAT ) said Friday that it plans to enact a one-for-15 reverse stock split, effective Monday, and transfer its stock listing to the Nasdaq Global Select Market from the NYSE American. The transfer will be effective at the close of trading on Tuesday. ...
Newell Brands' Q4 Non-GAAP Earnings, Net Sales Fall; Q1, 2025 Outlook Issued
Newell Brands' Q4 Non-GAAP Earnings, Net Sales Fall; Q1, 2025 Outlook Issued
Feb 7, 2025
07:45 AM EST, 02/07/2025 (MT Newswires) -- Newell Brands ( NWL ) reported Q4 non-GAAP earnings Friday of $0.16 per diluted share, down from $0.18 a year earlier. Analysts polled by FactSet expected $0.14. Net sales for the quarter ended Dec. 31 were $1.95 billion, down from $2.08 billion a year earlier. Analysts surveyed by FactSet expected $1.96 billion. For...
Canopy Growth Down 19% in U.S. Pre-market After Reporting Narrower Q3 Loss
Canopy Growth Down 19% in U.S. Pre-market After Reporting Narrower Q3 Loss
Feb 7, 2025
07:46 AM EST, 02/07/2025 (MT Newswires) -- Canopy Growth ( CGC ) traded 19% lower in U.S pre-market after reporting a narrower third-quarter loss. The recreational and medical cannabis company said its net loss fell to $122 million, or $1.11 per share, from $217 million, or $2.62 per share, in the prior year period. The reduced loss reflected lower operating...
Exchange operator Cboe's quarterly profit climbs as hedging activity surges
Exchange operator Cboe's quarterly profit climbs as hedging activity surges
Feb 7, 2025
(Reuters) - Exchange operator Cboe Global Markets reported a rise in fourth-quarter adjusted profit on Friday, driven by increased options trading as investors sought to hedge risks. Demand for options products remained high as investors hedged against risks from economic and geopolitical uncertainties such as the war in the Middle East. Cboe's options trading segment revenue grew 3% in the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved