Hindalco Industries Q4FY17 profit rises to 26%, tops estimates

Profit rose to Rs 503 crore in the quarter ended March 31, from Rs 400 crore a year earlier

Hindalco Industries Ltd (HALC.NS), India's biggest producer of aluminium and copper, posted a 26 percent rise in fourth-quarter profit as revenue from operations increased on higher base metal prices.

Profit rose to Rs 503 crore ($77.82 million) in the quarter ended March 31, from Rs 400 crore a year earlier, Hindalco said on Tuesday.

Analysts on average had expected the company, majority owned by the Aditya Birla Group, to post a profit of Rs 449 crore, according to Thomson Reuters data.

Revenue from operations rose about 27 per cent to Rs 11,747 crore billion rupees.

Shares of the company were up 1.5 per cent