Novelis Q3 Results: Net income down 9% YoY to $110 million, sales rise 4%

February 10, 2025

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.

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