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

  • Trashing the Aadhar project without logic or reason serves no purpose

    Aadhar number and cards enrollment is a sovereign exercise undertaken by the Centre over the last 10 years to essentially capture the socio-economic d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: SRK’s ALPHABET SOUP

On Saturday, the Enforcement Directorate sent a show cause notice ...

Gautam Datt

The Congress quandary

A government without an opposition is an unfortunate scenario in ...

Zehra Naqvi

Success lies in learning to embrace failure

Among the thronging multitudes that offer you lessons on success, ...