Net income for the quarter ended December 31, Hindalco's fiscal third, rose to 3.59 billion rupees (USD 57.52 million) from 3.34 billion rupees a year earlier, the flagship company of the Aditya Birla conglomerate said in a statement.

Net sales rose 17.6 percent in the quarter to 84.72 billion rupees. Analysts, on average, expected the company to post a net profit of 4.47 billion rupees, according to the compiled data.
               
The company said while coal availability was impacting the pace of ramp-up in its new aluminium projects, it was looking for a faster resolution after the upcoming coal auctions.
               
Hindalco shares were trading up 1 percent, while the broader Mumbai market was down 0.23 in afternoon trade on Thursday.

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