Hindalco Industries Share Price Hits One-Month High As Q1 Net Profit Beats Estimates
Hindalco Industries Ltd. hit the highest level in one month as the company reported less-than-expected decline in the net profit for the April–June period. Its consolidated net profit declined 24.2% on sequential basis to Rs 4,004 crore against the Bloomberg estimate of Rs 3,805.90 crore.
Hindalco Industries has also beat revenue estimates by reporting Rs 64,232 crore revenue for the first quarter against an estimate of Rs 59,806.50 crore.
Hindalco Q1 Highlights (Cons, QoQ)
Revenue down 1% to Rs 64,232 crore versus 64,890 crore (Bloomberg estimate: Rs 59,806.50 crore)
Ebitda down 10.5% to Rs 7,906 crore versus Rs 8,836 crore
Margin at 12.3% versus 13.6%
Net profit down 24.2% to Rs 4,004 crore versus Rs 5,283 crore. (Bloomberg estimate: Rs 3,805.90 crore)
Hindalco Industries is the top contributor to the NSE Nifty 50 index. It has reversed losses from the previous session.
Hindalco Industries share price advanced 5.68% to Rs 704.50 apiece, the highest level since July 3. It was trading 5.23% higher at Rs 702.90 apiece as of 11:21 a.m., compared to 0.40% advance in the NSE Nifty 50 index.
The stock advanced 12.19% in 12 months, and 16.45% on year-to-date basis. Total traded volume so far in the day stood at 4.9 times its 30-day average. The relative strength index was at 60.60.
Out of 29 analysts tracking the company, 20 maintain a 'buy' rating, five recommend a 'hold' and four suggest 'sell', according to Bloomberg data.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
