Novelis

On the downstream front, the Aditya Birla Group company has a target to quadruple EBITDA by FY30 compared to FY24 through the ramp up of new copper tubes plant and an e-waste recycling facility which will be India’s first and the world’s second largest.

Hindalco shares in focus as Novelis Q1 profit drops 36%, US tariffs to weigh further

Hindalco shares will be in focus after subsidiary Novelis reported a 36 percent drop in Q1 net income and warned of higher US tariff impacts.

Hindalco subsidiary Novelis working to mitigate tariff headwinds, expects resilient demand for aluminium

Novelis added that it is looking to accelerate cost reduction steps, which can drive higher cost savings in FY26, and over $300 million by end of FY28.

Hindalco bets on demand for aluminium cans if US consumption trend changes amid recession fears

Novelis derives about 60 percent of its product mix from beverage packaging, with the remainder spread across automotive, aerospace, and electronics sectors.

Hindalco sees neutral-to-positive impact on its US business from Trump tariff

Novelis, its US subsidiary that supplies premium aluminium sheet and foil products to the beverage can, automotive, aerospace and speciality markets, could actually benefit, said MD Satish Pai. The effect on parent Hindalco would be minimal since the US market constitutes a minuscule part of its exports.

Aditya Birla group stands to gain from Trump's 'America First' push, say analysts

Expected tax cuts and import tariffs could create favourable conditions for Birla’s US-based aluminium business Novelis, which has extensive investments in that country

Aditya Birla Group's Kumar Mangalam Birla to further invest in US during Trump 2.0

KM Birla confirmed that the recycling and rolling plant in Alabama is on schedule to start from FY26. "It is on time. It will be a high-technology, high-precision rolling mill and first kind facility."

Hindalco shares crack 6% as US-based arm Novelis reports 18% fall in Q2 profit

The EBITDA decline was primarily driven by the increase in aluminum scrap prices, unfavorable product mix, and the impact caused by floods at the Sierre plant.

Hindalco shares down 5% as arm Novelis reports lower profit, rolls back margin guidance

The fall was mainly due to charges associated with the production interruptions at its Sierre plant, higher restructuring and impairment expense and lower operating performance

Hindalco: Tepid performance from Novelis in Q1 FY25

Demand environment across end-use segments remains a mixed bag

Hindalco postpones Novelis IPO, says will evaluate timing in the future

Despite this delay, Hindalco said Novelis will continue to evaluate the timing of the IPO and may proceed with the offering in the future.

What Novelis's IPO pricing means for Hindalco’s valuations

The IPO will lead to a cash inflow of Rs 6700-7800 crore that could go up if the issue is oversubscribed. The eventual IPO price and its post-listing trend could play a bigger role in valuations

Hindalco eyes $945 million gain from Novelis' US IPO; brokerages bullish, see 13% upside

Novelis is the world’s biggest maker of flat-rolled aluminium products, used in an array of goods, from cars to soda cans. Hindalco purchased Novelis in a multibillion-dollar deal in 2007.

Hindalco stock rises as subsidiary Novelis files registration statement for US IPO

Hindalco is looking to raise $1.2 billion via the IPO of its Atlanta-based unit Novelis, and some reports peg the proposed valuation at about $18 billion.

Aditya Birla Group taps Citi, BofA Securities and Morgan Stanley for Novelis US IPO

Novelis US IPO: The deal is arguably the first instance of an Indian conglomerate attempting a listing of its subsidiary in the US market. In 2019, Bharti Airtel's Africa subsidiary had listed on the London Stock Exchange and the Nigerian Stock Exchange.

Why the Novelis IPO news did little to lift investor sentiment for Hindalco

There are several questions about the public offer to which answers are not forthcoming as of now

Hindalco: Listing of Novelis in the offing

Novelis generates 60 percent of EBITDA for Hindalco. It will not receive any proceeds from the sale of shares by its shareholders

Hindalco shares may rebound as subsidiary Novelis files for IPO

Hindalco shares closed flat at Rs 512 on February 20 on a day when the Nifty made a fresh record high.

Hindalco: Why are we downgrading the stock to equal-weight?

India Aluminium business will see lower cost on the back of captive alumina and better captive coal linkages

Hindalco declines 14% as Novelis downgrades Bay Minette project returns to 'double digits’

Novelis said its Bay Minette project sees a 65% increase in total capital cost and a one-year delay. Novelis has revised the project cost to $4.1 billion, expecting commissioning by end-CY2026E or 2HFY27E.

Hindalco Industries: All-round performance in Q2FY24

Higher earnings from Novelis and stable aluminium prices are likely to aid in earnings recovery

Hindalco trades flat ahead of Q2 results; Novelis beats profit target before schedule

The company's volumes improved by 6% due to the end of destocking, driven by operational efficiencies and better metal prices.

Imports may rise if Chinese economy remains weak, says Hindalco MD Satish Pai

Aluminium prices are going to remain between the $2100 and $2300 range largely because of uncertainty of the Chinese economy, said Satish Pai, MD of Hindalco Industries

Hindalco: Downstream assets will keep the pot boiling

Investors need to focus on Novelis business, given that it remains the largest contributor to profitability

Hindalco Q1 Earnings: Net profit slumps 40% on 'unfavourable' macros, lower volumes

The earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter at Rs 6,109 crore declined 29.2 percent on-year from Rs 8,640 crore.