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 >
Lenz Therapeutics Files New Drug Application in China for Presbyopia Eye Drop
Lenz Therapeutics Files New Drug Application in China for Presbyopia Eye Drop
Jul 28, 2025
09:13 AM EDT, 07/28/2025 (MT Newswires) -- Lenz Therapeutics ( LENZ ) said Monday it has filed a New Drug Application with China's National Medical Products Administration for its eye drop LNZ100 to treat presbyopia. The filing is based on results of phase 3 data from a trial in China that showed LNZ100 met primary and secondary endpoints, including significant...
Supernus Says Antitrust Waiting Period for Sage Therapeutics Acquisition Has Expired
Supernus Says Antitrust Waiting Period for Sage Therapeutics Acquisition Has Expired
Jul 28, 2025
09:11 AM EDT, 07/28/2025 (MT Newswires) -- Supernus Pharmaceuticals ( SUPN ) said Monday the waiting period for the acquisition of Sage Therapeutics ( SAGE ) under the US Hart-Scott-Rodino Antitrust Improvements Act expired Friday. The expiration satisfies one of the conditions for the completion of Supernus' tender offer to acquire all outstanding shares of Sage, the company said. The...
VisionWave Secures $50 Million Equity Line; Shares Rise
VisionWave Secures $50 Million Equity Line; Shares Rise
Jul 28, 2025
09:13 AM EDT, 07/28/2025 (MT Newswires) -- VisionWave ( VWAV ) said Monday that it has secured an equity line of up to $50 million in capital through a transormative funding agreement with an unidentified institutional investor. VisionWave ( VWAV ) said the agreement allows the company to sell up to $50 million in common stock over a 24-month period...
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,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved