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 >
Microchip Technology Says RTG4 Field-Programmable Gate Arrays Receive QML Class V Status
Microchip Technology Says RTG4 Field-Programmable Gate Arrays Receive QML Class V Status
Oct 17, 2024
09:40 AM EDT, 10/17/2024 (MT Newswires) -- Microchip Technology ( MCHP ) said Thursday its RTG4 field-programmable gate arrays with lead-free flip-chip bumps have obtained the Qualified Manufacturers List Class V status. Class V is the highest level of qualification for space components and a required step for critical space missions, the company said. QML qualifications are standardized based on...
Nestle flags shopper uncertainty around US election
Nestle flags shopper uncertainty around US election
Oct 17, 2024
LONDON (Reuters) - Nestle on Thursday said shopper concerns around the election in the United States are putting further pressure on demand in its biggest market by creating consumer uncertainty. The U.S. presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away and Democratic Vice President Kamala Harris and Republican Donald Trump are locked...
Fuji Soft founder backs buyout by Bain, letter says
Fuji Soft founder backs buyout by Bain, letter says
Oct 17, 2024
TOKYO/HONG KONG, Oct 17 (Reuters) - Fuji Soft ...
Poseida Nominates New CAR-T Development Candidate, Triggering $15 Million Milestone Payment
Poseida Nominates New CAR-T Development Candidate, Triggering $15 Million Milestone Payment
Oct 17, 2024
09:39 AM EDT, 10/17/2024 (MT Newswires) -- Poseida Therapeutics ( PSTX ) said Thursday that it has nominated a new development candidate as part of its collaboration with Roche, resulting in a $15 million milestone payment from the Swiss healthcare company. Poseida said the candidate is an allogeneic, dual CAR-T therapy that targets known antigens found in hematologic malignancies, including...
Copyright 2023-2026 - www.financetom.com All Rights Reserved