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

Revenue from operations inched up 1.7% to Rs 105.93 billion


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 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 ...

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First Published: Fri, August 10 2018. 15:06 IST