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Hindalco Industries fourth-quarter profit dives 25 percent, lags estimate

Reuters 

(Reuters) - producer Ltd posted a 25 percent fall in its fourth-quarter profit, widely missing street estimate.

The company's profit dropped to 3.77 billion rupees ($55.59 million) in the three months through March 31, from 5.03 billion rupees a year earlier, the company said in statement

Analysts on average expected the company to post a profit of 4.67 billion rupees, Eikon data showed.

Revenue from operations for the company, which also manufactures and fertilisers, slipped about 0.6 percent to 116.81 billion rupees.

($1 = 67.8150 Indian rupees)

(Reporting by Krishna V Kurup in Bengaluru, Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 14:01 IST
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