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 >
Entain examines possible sale of overseas gambling brands, FT reports
Entain examines possible sale of overseas gambling brands, FT reports
Mar 13, 2024
(Reuters) - British gambling firm Entain ( GMVHF ) has hired advisers to oversee the possible sale of several of its overseas brands, the Financial Times reported on Thursday. These brands include Netherlands-based BetCity, which the gambling firm had bought last year, FT added. The Netherlands, last year proposed a plan for tighter deposit limits from the second quarter, which...
SpaceX's third Starship test flight gets FAA green light
SpaceX's third Starship test flight gets FAA green light
Mar 13, 2024
WASHINGTON (Reuters) - The FAA on Wednesday granted SpaceX a license to test-launch the company's Starship rocket system from Texas, according to the agency's website, paving the way for another early demonstration of a spacecraft crucial to Elon Musk's satellite launch business and NASA's moon program. The FAA determined SpaceX met all safety, environmental, policy and financial responsibility requirements, the...
China EV maker Nio has completed 40 million battery swaps so far
China EV maker Nio has completed 40 million battery swaps so far
Mar 13, 2024
BEIJING, March 14 (Reuters) - Chinese electric vehicle maker Nio has completed 40 million battery swaps so far, CEO William Li said on Thursday. Nio is one of a handful of EV makers betting on battery swapping as a major power option for EVs. Battery swapping allows drivers to replace depleted packs quickly with fully charged packs, rather than plugging...
K&S sees further drop in earnings for 2024 as potash prices keep falling
K&S sees further drop in earnings for 2024 as potash prices keep falling
Mar 13, 2024
March 14 (Reuters) - German salt and potash miner K&S sees a further decline in core earnings for year ahead as due to lower potash price levels, it said on Thursday, after reporting a more than two-thirds fall in its core 2023 profit. The Hessian-based company expects yearly core earnings to be within a range of 500 to 650 million...
Copyright 2023-2025 - www.financetom.com All Rights Reserved