Aluminium producer Hindalco Industries posted a 34.4 per cent drop in third-quarter profit on Tuesday, hurt by increase in input costs, mainly of coal and furnace oil.
Standalone net profit after tax was Rs 247 crore ($34.87 million) in the quarter ended December 31, compared with Rs 377 crore a year ago, the Mumbai-headquartered company said.
The profit figure lagged analysts' estimate of a profit of Rs 407 crore, according to Refinitiv Eikon data.
Revenue from operations rose 8 per cent to Rs 11,938 crore, the company, which produces and sells aluminium and copper products, added.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.