Novelis Q3 Results: Novelis Inc, Hindalco’s subsidiary, reported a 9% YoY drop in Q3 net income to $110 million, with adjusted EBITDA down 19%. Rising scrap aluminum costs pressured margins despite higher revenue from aluminum price gains.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs