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 >
India Morning Newsletter, May 8
India Morning Newsletter, May 8
May 26, 2025
To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpage For an index of our newsletters click on ...
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,...
Dozens of students arrested in pro-Palestinian protest at Columbia University
Dozens of students arrested in pro-Palestinian protest at Columbia University
May 26, 2025
* At least 40 students seen loaded into police vans, buses * Demonstrators occupying main library accused of trespassing * School officials say they requested police presence on campus (Adds arrests, latest statements from NYPD, university) By Ryan Murphy and Jonathan Allen NEW YORK, May 7 (Reuters) - Police arrested dozens of Columbia University students who seized part of the...
Moody's warns of risk posed by rising retail exposure to private credit
Moody's warns of risk posed by rising retail exposure to private credit
May 26, 2025
(Reuters) -Moody's ratings agency warned on Wednesday of the rising risk that retail investors, who put their money into private credit assets, pose to the U.S. economy. Since the pandemic, the share of U.S. and global credit markets has gradually shifted from banks in the public markets to private credit firms, growing to hold over $2 trillion in assets under...
Copyright 2023-2026 - www.financetom.com All Rights Reserved