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Hindalco déjà vu: Novelis hurts
Mint Chennai
|August 14, 2025
Mixed fortune
Hindalco Industries Ltd's shares rose nearly 5% on Wednesday, following its June quarter results, in which its consolidated earnings before interest, taxes, depreciation, and amortization (Ebitda) rose 6% year-on-year to ₹8,075 crore. The trend seen in recent quarters persisted: India's business stole the show, but wholly-owned US subsidiary Novelis Inc. remained under pressure.
India operations' Ebitda rose a solid 29% y-o-y to ₹4,750 crore. Domestic business comprises aluminium upstream, aluminium downstream, and copper.
However, Novelis' Ebitda fell 17% to $416 million, weighed down by higher aluminium scrap prices and the hit of US import tariffs. Ebitda per tonne fell 18% to $432, and the pain may prolong as the tariff impact has not played out fully.
This story is from the August 14, 2025 edition of Mint Chennai.
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