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 >
OPKO, Entera to Co-Develop Oral GLP-1/Glucagon Therapy for Obesity
OPKO, Entera to Co-Develop Oral GLP-1/Glucagon Therapy for Obesity
Mar 17, 2025
08:37 AM EDT, 03/17/2025 (MT Newswires) -- OPKO Health ( OPK ) said Monday it will work with Entera Bio ( ENTX ) to push an oral dual agonist for obesity and related conditions into clinical testing. The drug combines OPKO's extended-release GLP-1/glucagon analog with Entera's tablet formulation technology, with an FDA filing planned later this year, OPKO said. Under...
DuPont de Nemours Names Jon Kemp as CEO of Electronics Business Spin-Off
DuPont de Nemours Names Jon Kemp as CEO of Electronics Business Spin-Off
Mar 17, 2025
08:34 AM EDT, 03/17/2025 (MT Newswires) -- DuPont de Nemours ( DD ) said Monday that Jon Kemp will be the chief executive of the independent electronics public company after its planned spin-off from DuPont ( DD ). Kemp, currently president of DuPont Electronics & Industrial, will also be a member of the planned company's board, which will be chaired...
Adecoagro in Ongoing Talks With Tether Investments on Acquisition Proposal
Adecoagro in Ongoing Talks With Tether Investments on Acquisition Proposal
Mar 17, 2025
08:38 AM EDT, 03/17/2025 (MT Newswires) -- Adecoagro ( AGRO ) said Monday that it is continuing discussions with Tether Investment regarding Tether's proposal to acquire the company's outstanding shares at $12.41 per share through a tender offer. The company said the expiration date of the exclusivity agreement has been extended until March 30. There is no assurance that a...
Markel Group Vice Chair Anthony Markel to Retire
Markel Group Vice Chair Anthony Markel to Retire
Mar 17, 2025
08:34 AM EDT, 03/17/2025 (MT Newswires) -- Markel Group ( MKL ) said Monday that Anthony F. Markel will not stand for re-election as vice chairman of the board. The company said Markel will retire as board director and continue as chairman emeritus after Markel Group's ( MKL ) annual meeting in May. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved