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Hindalco fourth-quarter profit misses estimates

A worker checks aluminium utensils outside a factory on the outskirts of Agartala, November 11, 2011. REUTERS/Jayanta Dey/Files

REUTERS - Aluminium and copper producer Hindalco Industries Ltd on Thursday posted a drop in quarterly profit that missed estimates, hurt by lower margins. Net income for the quarter ended March 31, Hindalco's fiscal fourth, was 1.6 billion rupees ($25.1 million) compared with 2.48 billion rupees a year earlier, the flagship company of the Aditya Birla conglomerate said in a statement. Net sales came in at 92.19 billion rupees, compared with 83.6 billion rupees a year ago. Analysts, on average, had expected the company to post a net profit of 2.93 billion rupees, according to Thomson Reuters data. ($1 = 63.8000 rupees) (Reporting by Nivedita Bhattacharjee in Mumbai; Editing by Subhranshu Sahu)