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Hindalco Q3 Results: Profit fell sharply on high input costs
The company is likely to see an improvement in earnings in the quarter ending March, as fuel costs moderate, aluminium prices rise and fears of a recessionary American economy subside, managing director Satish Pai said.Hindalco’s upstream aluminium business, which produces refined metal, was already on the mend as the price of coal is moderating while demand outlook remains strong, Pai said during a post-earnings call on Thursday