Novelis faces financial hit from Sierre flooding and scrap price surge in Q2 FY25

Novelis faces financial hit from Sierre flooding and scrap price surge in Q2 FY25

Novelis Inc., a global leader in sustainable aluminum solutions and a subsidiary of Hindalco Industries, reported a challenging second quarter for the fiscal year 2025, ending September 30, 2024. Despite a 5% increase in net sales to $4.3 billion, boosted by strong aluminum prices and growing demand in beverage packaging, the company faced an 18% […]

Novelis reports Q1 fiscal year 2025 results with strong performance and Swiss plant flooding challenges

Novelis reports Q1 fiscal year 2025 results with strong performance and Swiss plant flooding challenges

Novelis Inc., a global leader in sustainable aluminum solutions and the foremost player in aluminum rolling and recycling, has unveiled its financial results for the first quarter of fiscal year 2025. The company has demonstrated robust performance, marked by a significant rise in Adjusted EBITDA and shipment volumes, despite facing challenges due to recent flooding […]