 "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 products and fertilisers, inched up 1.7 per cent to Rs 105.93 billion.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app