BQuick On Oct. 10: Top 10 News Stories In Under 10 Minutes

Hindalco Industries Ltd.’s second-quarter net profit rose on higher operational efficiency, better realisation and lower interest expenses.

  • Net profit rose 54 percent year-on-year to Rs 725 crore.
  • Revenue rose 5.4 percent to Rs 10,833 crore.
  • Operating income rose 5 percent to Rs 1,922 crore.
  • Operating margin remained unchanged at 18 percent.

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Here’s why Hindalco’s profit jumped.

Indian Oil Corporation Ltd.'s net profit fell by half in July to September quarter on currency and oil headwinds, accompanied by a one-time employee benefit cost.

  • Net profit fell 52 percent quarter-on-quarter to Rs 3,250 crore.
  • This was despite a higher-than-expected revenue of Rs 32,035 crore.
  • Other income jumped 78 percent to Rs 1,041 crore.
  • The gain was offset by factors such as rising employee cost, depreciation of the rupee and a fall in inventory gains triggered by rising crude prices.

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Here are the key highlights.

NTPC Ltd.’s profit for the quarter ended September missed analyst expectations.

  • Net profit remained flat at Rs 2,426 crore.
  • Revenue rose 13 percent to Rs 22,261.1 crore.
  • Operating income rose 2.8 percent to Rs 5,592.4 crore.

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Here's how it performed compared with estimates.

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BQuick On Oct. 10: Top 10 News Stories In Under 10 Minutes

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