Novelis
Hindalco's domestic biz fires up Q2 earnings, net profit up 18% q-o-q
Managing director Satish Pai attributed the uptick to “disciplined cost management and robust contributions from the India business”.
4 min read7 Nov 2025Hindalco share price falls over 6% after Novelis Q2 results; sees $650 million impact from fire at US plant
Novelis reported a 26.3% increase in consolidated net income to $163 million for Q2 from $129 million in the corresponding quarter of the previous fiscal year. Net income excluding special items declined 37% year-on-year (YoY) to $113 million.
3 min read6 Nov 2025Hindalco’s India biz shines, but Novelis holds the key to re-rating
While Hindalco’s India operations are performing well, all eyes are on Novelis. Sluggish earnings and margin pressures at the US subsidiary remain a key overhang on the stock’s valuation.
2 min read22 May 2025Hindalco ups the ante: More metal, stronger margins
The metals giant is going all in on scale and efficiency, with a $10 billion capex plan split between India and subsidiary Novelis Inc. over FY24-29.
2 min read3 Apr 2025America First gives an edge for Novelis in US
Novelis’s IPO, which was postponed earlier this year, remains on the back burner for the next few quarters, Hindalco MD Satish Pai said. The company expects a premium valuation for its American unit whose aluminium finds its way into soft drink cans and aircraft alike.
3 min read11 Nov 2024Hindalco share price falls 6% after subsidiary Novelis postpones IPO citing market conditions
Novelis IPO price band was set at $18 to $21 per share. The company had planned to raise between $810 million and $945 million from the offer, Hindalco Industries had announced last week.
1 min read5 Jun 2024Proposed Novelis IPO is a booster dose for Hindalco
The IPO filing in the US assigns Novelis a market cap of $12.6 billion at the upper end of the price band. This is almost two-thirds of Hindalco’s market cap of about ₹1.52 trillion before the announcement.
3 min read29 May 2024Wait for it…
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