|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||464.45 - 479.60|
|52-week range||366.00 - 508.90|
|Beta (5Y monthly)||1.28|
|PE ratio (TTM)||12.31|
|Earnings date||09 Nov 2023 - 13 Nov 2023|
|Forward dividend & yield||3.00 (0.64%)|
|Ex-dividend date||14 Aug 2023|
|1y target est||N/A|
India's Hindalco Industries, one of the country's largest aluminium and copper producers, reported a 37.4% drop in fourth-quarter profit on Wednesday as expenses mounted. Consolidated net profit for the firm, the flagship metals producer of the Aditya Birla Group, fell to 24.11 billion rupees ($294.82 million) in the quarter ended March 31, compared with a profit of 38.51 billion rupees a year ago. However, Hindalco's second biggest segment copper saw a revenue growth of 14.5%.
BENGALURU (Reuters) -Hindalco Industries, one of India's largest aluminium and copper companies, reported a bigger-than-expected drop in quarterly profit on Thursday due to high costs and lower prices, but expects "much better" results in the current quarter. Hindalco, owned by conglomerate Aditya Birla Group, said consolidated net profit slumped 63% to 13.62 billion rupees ($165 million) in the third quarter ended Dec. 31. Hindalco, which operates in 10 countries, said revenue from operations climbed 5.7% to 531.51 billion rupees, but that was more than negated by a roughly 15% jump in total expenses.