Hindalco Industries Q1 profit surges to Rs 4.14 bn, misses estimates

Aluminium producer Hindalco Industries Ltd posted a 43 per cent jump in first-quarter profit on Friday, but missed analysts' estimates. Profit was Rs 4.14 billion ($60.07 million) in the three months through June 30, compared with Rs 2.90 billion a year earlier, the company said in a statement https://www.

nseindia.com/corporate/NSERESULTS_10082018140537.zip. Analysts on average had expected a profit of Rs 4.21 billion, Thomson Reuters I/B/E/S data showed. Revenue from operations of the company, which also manufactures copper.....

This article is no longer available in our repository.

There could be multiple reasons for this.