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Hindalco Industries Fourth-Quarter Profit Rises 26%, Tops Estimates
30 May 2017, 03:10 PM IST
Hindalco Industries Ltd, India's biggest producer of aluminium and copper, posted a 26 percent rise in fourth-quarter profit as revenue from operations increased on higher base metal prices.
Profit rose to Rs 503 crore in the quarter ended March 31, from Rs 400 crore a year earlier, Hindalco said on Tuesday.
Analysts on average had expected the company, majority owned by the Aditya Birla Group, to post a profit of Rs 449 crore, according to Thomson Reuters data.
Revenue from operations rose about 27 percent to Rs 11,747 crore.
© Thomson Reuters 2017
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