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HINDALCO NOVELIS CHALLENGES
Hindalco sees up to $650 million impact from fire at Novelis Plant in USA fire at Hindalco's Novelis aluminium recycling plant in New York will affect its cash flow. The impact is projected to be between $550 mi...
Hindalco shares rally 3% as Q1 profit surges 30% YoY. Should you buy, sell or hold?Hindalco's net profit jumped 30% YoY to Rs 4,004 crore in Q1 on strong domestic performance. Brokerages remain divided, Motilal Oswal and N...
Novelis Q3 Results: Net income down 9% YoY to $110 million, sales rise 4%Novelis Q3 Results: Novelis Inc, Hindalco’s subsidiary, reported a 9% YoY drop in Q3 net income to $110 million, with adjusted EBITDA down ...
Hindalco Industries Q4 Results: Standalone profit falls 48% YoY to Rs 832 croreOn a consolidated level, PAT fell 37% YoY to Rs 2,411 crore, while revenue jumped 5% YoY to Rs 55,857 crore. The Board has also recommended...
Hindalco shares fall over 4% after Novelis' Q2 net income drops 23%The company delivered a solid second quarter despite challenging headwinds from inflation, the stronger US dollar, and reduced metal benefi...
Market Movers: Why Hindalco shares tanked 4% todayOutlook commentary suggested that Q1FY23 adjusted EBITDA will return to $500 million-plus as one-time operational cost incidence is behind ...
Hindalco Q3 Results: Firm posts highest-ever profit at Rs 3,675 cr, up 96% YoYRevenue from operations came in at Rs 50,272 crore, up 43.80 per cent against Rs 34,958 crore in the year-ago quarter.
Hindalco closes $2.8 billion deal to acquire AlerisThis comes at a time when the metals and mining sector is undergoing a severe downturn and tepid demand growth globally.
Novelis show drives Hindalco Q3: Key takeawaysThe consolidated figures include standalone figures of Hindalco as well as Utkal Alumina.
Hindalco Q3 profit jumps 47% YoY to Rs 713 crore, revenue up 8% at Rs 11,938 croreThe company had reported Rs 484 crore profit in the same quarter last year.
Hindalco Q2 profit drops 21% to Rs 309 croreTotal income during the quarter increased to Rs 11,034.3 crore over Rs 10,500.6 crore in the year-ago period.
Hindalco to sell alumina plant, mines in Brazil in debt-paring moveThe AV Birla group major wants to use the money to cut debt and focus on the India business where demand is showing signs of improvement am...
Coal blocks: Hindalco faces turmoil on SC ruling, pricing pressureThe Kumar Mangalam Birlacontrolled company had Rs 63,300 crore of debt at the end of March on a consolidated level. It is already dealing w...
- Hindalco shares gain ground after consolidated annual profit rises 38%
The stock of Hindalco, one of the biggest underperformers from the metals sector so far this year, has risen 3.25% to Rs 119 on the BSE.
- Slower demand for aluminium products hits Novelis FY12 earnings
Slower demand for aluminium products and lower average aluminium prices were chiefly responsible for fourth quarter loss reported by Noveli...
- Inside the Novelis turnaround
Kumar Mangalam Birla overruled managers and took the risky decision to buy Novelis for $6 billion. Now, he's rolled up his sleeves and turn...
- ‘A special moment, took time to absorb’
A visibly happy group chairman Kumar Mangalam Birla spoke to ET after addressing a press conference.