India's Hindalco beats Q2 profit view on higher aluminium prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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Source: Reuters
Hindalco's Strong Q2 Performance: Hindalco Industries reported a 78% increase in consolidated net profit for Q2, reaching 39.09 billion rupees, driven by rising aluminium prices and strong demand in various sectors.
Concerns Over Chinese Imports: Managing Director Satish Pai expressed concerns about increasing imports from China, particularly if the U.S. raises tariffs, which could lead to India becoming a primary market for surplus Chinese metals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
