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Hindalco Industries Q4FY17 profit rises to 26%, tops estimates

Profit rose to Rs 503 crore in the quarter ended March 31, from Rs 400 crore a year earlier

Reuters 

Hindalco Industries Ltd (HALC.NS), India's biggest producer of aluminium and copper, posted a 26 percent rise in fourth-quarter profit as revenue from operations increased on higher base metal prices. Profit rose to Rs 503 crore ($77.82 million) in the quarter ended March 31, from Rs 400 crore a year earlier, Hindalco said on Tuesday. Analysts on average had expected the company, majority owned by the Aditya Birla Group, to post a profit of Rs 449 crore, according to Thomson Reuters data. Revenue from operations rose about 27 per cent to Rs 11,747 crore billion ...

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First Published: Tue, May 30 2017. 16:05 IST
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