BusinessPhoto: Mint CompaniesHindalco Q2 Profit Rises 59% Despite Higher Input Costs
Hindalco Industries Ltd reported a 59% rise in consolidated net profit to ₹7,532 crore in the September quarter, beating analyst estimates of ₹6,120.19 crore. Strong metal prices helped offset a 39% increase in input costs, including coal and calcined petroleum coke. The company expects production costs to rise further in the December quarter before easing with improved coal availability.
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