India's Hindalco beats quarterly profit view

Reuters
20 May
India's Hindalco beats quarterly profit view

May 20 (Reuters) - Hindalco Industries HALC.NS, one of India's largest copper and aluminium producers, reported fourth-quarter profit above analysts' estimates on Tuesday, driven by a surge in commodity prices.

Its consolidated net profit rose to 52.83 billion rupees ($618.05 million) for the quarter ended March 31. Analysts had expected, on average, 44.97 billion rupees, as per data compiled by LSEG.

($1 = 85.4790 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Janane Venkatraman)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

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