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

Reuters 

(Reuters) - Aluminium producer Hindalco Industries 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 http://bit.ly/2Ioi41K. Analysts on average expected the company to post a profit of 4.67 billion rupees, Thomson Reuters Eikon data showed.Revenue from operations for the company, which also manufactures copper products and fertilisers, slipped about 0.6 percent to 116.81 billion ...

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