Hindalco misses Q2 profit view on lower prices, demand

Hindalco Industries, one of India's largest aluminium and copper producers, reported a lower-than-expected quarterly profit due to sluggish aluminium prices and demand. The company's consolidated net profit fell to INR 21.96 billion ($263.33 million) in the three-month period ended September 30, compared to INR 22.05 billion a year earlier. The average aluminium and zinc prices also dropped during the quarter. https://ift.tt/cMm2dAZ