Hindalco falls; unit Novelis oper profit lags some estimates

Tags: Companies
Shares of Hindalco Industries fall as much as 2.1 percent after its unit Novelis Inc's April-June operating profit lags some estimates, analysts say.

Novelis' Operating profit per tonne was down to $305 in Q1 versus $332 in Q4, Reuters calculations show.

However, Novelis' net profit more than doubled on yearly basis on higher beverage can sales.

EDITORIAL OF THE DAY

  • Because our politicians elbowed out our teachers on Teachers’ Day

    The Swachch Bharat campaign made the highest leaders sweep. Teachers’ Day is making them teach.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Sachin Shridhar

Crouching tiger, hidden dragon

The Chinese are consummate gamblers. If you visit a casino ...

Zehra Naqvi

Capturing change

The pace of change in the world around us can ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture