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via livemint.comBusiness & Companies

Hindalco beats Q2 estimates as strong metal prices offset rising input costs

FROM THE WIRE · LIVEMINT.COM

The company reported an almost 59% jump in consolidated net profit to ₹7,532 crore in Q2, but a 39% rise in input costs during the quarter threatens to squeeze near-term margins.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralResults beat estimates, but rising input costs could squeeze near-term margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consolidated net profit rose almost 59% to ₹7,532 crore in Q2.
  2. 02Input costs rose 39% during the quarter.
  3. 03Strong metal prices partly offset the rise in costs.

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