India's Hindalco Industries Q4 profit dives 25 pct, lags estimate

By Reuters / May 17, 2018 / in.investing.com / Article Link

May 16 (Reuters) - Aluminium producer Hindalco Industries Ltd HALC.NS 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 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 rupees.

($1 = 67.8150 Indian rupees)

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok