Novelis, owned 100% by Hindalco, has confidentially filed papers with the US SEC
2 min read21 Feb 2024Hindalco Industries Q3 FY24 Results Live: Revenue decreased by 0.65% YoY & profit increased by 71.15% YoY
1 min read15 Feb 2024Q3FY24 Preview: Axis Securities anticipates base metal stocks to perform better this quarter and expects a slight margin contraction for steel companies. Top picks of Axis Securities include APL Apollo tubes, Hindalco, JTL Industries, Tata Steel, and Coal India.
1 min read9 Jan 2024The stock has marginally outperformed its benchmark index in 2023 YTD, gaining over 15 percent as against a 13 percent rise in Nifty Metal. It has given positive returns in 7 of the 12 months so far this year.
7 min read14 Dec 2023Hindalco Industries reported in-line profit for Q2 and brokerages have mixed views on earnings. Nuvama Institutional Equities maintains 'Hold' with a target price of ₹552, while Motilal Oswal Financial Services reiterates 'Buy' with a target price of ₹580.
4 min read13 Nov 2023On a consolidated basis, Hindalco Industries' net profit fell 40.4% on-year to ₹2,454 crore, while revenue from operations declined nearly 9% YoY to ₹52,991 crore.
3 min read9 Aug 2023Hindalco Industries’ subsidiary Novelis’ Q1 revenue fell 14.4% to ₹33,606 crore from ₹39,289 crore, while its EBITDA declined 20.3% to ₹3,456 crore from ₹4,334 crore, YoY.
2 min read8 Aug 2023Hindalco Industries Q4FY23 Results: The company on Wednesday reported an 37% year-on-year fall in its consolidated net profit (attributable to owners of the company) for the fiscal's fourth quarter ended March (Q4FY23) to ₹2,411 crore.
2 min read24 May 2023As we inch closer to the last phase of earnings season, several big firms are still left to announce their Q4 results. This week, LIC, ONGC, Nykaa, Vodafone Idea, Ashok Leyland, Sun Pharma, Mahindra, Grasim, Zee Entertainment Enterprise, Hindalco, Shree Cement, etc will announce their Q4 earnings
5 min read21 May 2023Hindalco-backed Novelis posted its fourth quarter numbers, in line with estimates. Net income declined by 27% YoY due to lower adjusted EBITDA, higher restructuring, interest expense and favorable metal price lag.
4 min read10 May 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared