Hindalco Beats Q2 Estimates as Higher Input Costs Erode Metal-Price Gains
Hindalco Industries beat analyst estimates for the September quarter, supported by strong metals pricing, while higher raw-material and energy costs reduced the benefit of elevated aluminium prices. The company expects production costs to rise further in the December quarter.
New Delhi, Nov. 6 -- Hindalco Industries Ltd beat analyst estimates in the September quarter on strong metals pricing, even as higher raw material and energy costs ate into the benefit of elevated aluminium prices. The company expects production costs to rise further in the December quarter before…