Wed, Nov 08, 2023
Hindalco share price: Novelis' adjusted EBITDA per tonne shipped rose 1 per cent YoY to $519. Novelis had guided EBITDA per tonne of $500 by March 2024.
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Thu, Feb 09, 2023
Hindalco's statement – the bad phase of Novelis is over. Company will turnaround in Q4. Globally, Aluminium demand will remain under pressure in FY24. The fear of recession is ending in the US. Coal cost likely to drop by 10-15% in Q4.
Thu, Aug 04, 2022
Hindalco's share price surged by 4.5% to Rs 432.95 per share on the BSE intraday during Aug 4’s session. After the company's US-based subsidiary Novelis reported robust earnings in Q1FY23.
Hindalco subsidiary Novelis’ 1QFY23 adjusted EBITDA was much ahead of several brokerages' estimates led by a sharp recovery in margins in North America mainly due to an improvement in semiconductor supplies.
Tue, Nov 10, 2020
Novelis reports robust Q2 results; realisation from divestment disappoints Novelis (100% sub of Hindalco) reported Q2 underlying EBITDA of U.S. $443 mn (+39% vs CLSA) on strong profitability (U.S. $493/T) and higher volumes (+11% YoY).
Thu, Jul 26, 2018
"Acquiring Aleris is the right opportunity at the right time as they are set for transformational growth," said Steve Fisher, President and CEO, Novelis Inc, adding "The significant investments they've made in the high-demand, high-value aerospace and automotive segments have resulted in favorable long-term, global contracts. These investments, coupled with a diverse and talented workforce, will add tremendous value to our organization and allow us to deliver the highest quality innovative aluminum solutions to our customers."
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