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Published on 10/08/2018 3:10:11 PM | Source: Reuters

Hindalco Industries first-quarter profit climbs 43 percent, but lags estimates

Aluminium producer Hindalco Industries Ltd posted a 43 percent jump in first-quarter profit on Friday, but missed analysts' estimates.

Profit was 4.14 billion rupees ($60.07 million) in the three months through June 30, compared with 2.90 billion rupees a year earlier, the company said.

Analysts on average had expected a profit of 4.21 billion rupees, Thomson Reuters I/B/E/S data showed.

Revenue from operations of the company, which also manufactures copper products and fertilisers, inched up 1.7 percent to 105.93 billion rupees.

(Reporting by Krishna V Kurup in Bengaluru; Editing by Subhranshu Sahu)