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 >
Mustang Extreme Environmental Services Announces Strategic Transaction to Prioritize Growth
Mustang Extreme Environmental Services Announces Strategic Transaction to Prioritize Growth
Jul 23, 2026
FAIRMOUNT, W.V.--(BUSINESS WIRE)-- Mustang Extreme Environmental Services (Mustang Extreme), a leader in environmental containment, water management, ground protection, and remote site access, today announced the sale of the company’s environmental lining and water management assets in the Western and Southwestern United States to Mustang Containment Solutions, LLC. The strategic transaction will strengthen Mustang Extreme’s core environmental solutions business and support...
Onfolio Holdings Outlines Path Forward: Core Acquisitions, Nasdaq Compliance, and Portfolio Cash Flow
Onfolio Holdings Outlines Path Forward: Core Acquisitions, Nasdaq Compliance, and Portfolio Cash Flow
Jul 23, 2026
WILMINGTON, Del., July 23, 2026 (GLOBE NEWSWIRE) -- Onfolio Holdings, Inc. ( ONFO ) , an owner-operator of cash-generative online businesses, today published a detailed shareholder update on the recently terminated strategic transaction with Paramount Helium LLC and the Company's operational priorities for the remainder of 2026. On July 8, 2026, the Company announced a binding letter of intent with...
CORT Business Services Signs Agreement to Acquire Dwellworks Living, Expanding Its Position in Global Mobility and Temporary Living Solutions
CORT Business Services Signs Agreement to Acquire Dwellworks Living, Expanding Its Position in Global Mobility and Temporary Living Solutions
Jul 23, 2026
Dwellworks Living to Operate as Dwellworks Living by CORT Following Close, Combining Trusted Industry Expertise with Expanded Resources and Scale CHANTILLY, Va.--(BUSINESS WIRE)-- CORT Business Services, a Berkshire Hathaway company and the nation’s leading provider of furniture rental and transition services, today announced that it has signed an agreement to acquire Dwellworks Living, the temporary housing division of Dwellworks and...
Lone Star Funds Acquires Dallas Office Tower
Lone Star Funds Acquires Dallas Office Tower
Jul 23, 2026
DALLAS & NEW YORK & LONDON & TOKYO--(BUSINESS WIRE)-- Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Real Estate Fund VII, L.P has successfully completed the acquisition of Premier Place, a 20-story Class A office tower in Dallas, TX. The 457,901-square-foot property was recently renovated and is strategically located minutes from some of the city’s...
Copyright 2023-2026 - www.financetom.com All Rights Reserved