Hindalco beats Q4 profit view as lower costs outpace weak aluminium prices - Hindustan Times
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Hindalco beats Q4 profit view as lower costs outpace weak aluminium prices

Reuters |
May 24, 2024 02:17 PM IST

Hindalco Q4 results: Consolidated net profit rose 31.6% to 31.74 billion rupees ($382.2 mln) for the three months ended March 31.

Hindalco Industries, one of the country's largest aluminium and copper producers, reported a higher-than-expected fourth-quarter profit on Friday, as lower costs outpaced lacklustre aluminium prices.

Hindalco Q4 results: Consolidated net profit rose 31.6% to 31.74 billion rupees ($382.2 mln) for the three months ended March 31.
Hindalco Q4 results: Consolidated net profit rose 31.6% to 31.74 billion rupees ($382.2 mln) for the three months ended March 31.

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The company, owned by the Aditya Birla Group, said its consolidated net profit rose 31.6% to 31.74 billion rupees ($382.2 mln) for the three months ended March 31, beating analysts' average estimates of 28.01 billion rupees, per LSEG data.an)

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