Hindalco arm Novelis' Q2 adjusted EBITDA falls 9% YoY on US tariff impact
This story was originally published at 17:54 IST on 4 November 2025
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--Hindalco arm Novelis Jul-Sept consol net income $163 mln vs $128 mln yr ago
--Hindalco arm Novelis Jul-Sept consol net sales $4.74 bln vs $4.30 bln
--Hindalco arm Novelis Jul-Sept adjusted EBITDA $422 mln vs $462 mln yr ago
--Hindalco arm Novelis Jul-Sept adjusted EBITDA/tn $448 vs $489 year ago
--Novelis: Demand for infinitely recyclable, lightweight aluminum rise more
--Novelis: Net sales growth mainly driven by higher average aluminum prices
NEW DELHI – Hindalco Industries Ltd.'s US-based subsidiary Novelis Inc. reported an on-year decline in its bottom line, adjusted for exceptional items, for the September quarter due to a fall in the adjusted operating profit of the company. The US tariffs had a negative impact on the company's operating profit. It, however, reported a double-digit revenue growth for the reporting quarter due to higher average aluminium prices.
Novelis reported a consolidated net income of $163 million for the September quarter. But after excluding exceptional items, the net income was lower at $113 million, which was sharply lower by 37% from the adjusted net income of the year-ago quarter. The consolidated adjusted earnings before interest, tax, depreciation, and amortisation, fell 9% on year to $422 million in Jul-Sept, with the adjusted EBIDTA per tonne declining to $448 from $489 in the year-ago quarter. The EBITDA decreases were primarily caused by a net negative tariff impact and higher aluminium scrap prices, the company said.
The consolidated net sales of the company increased 10% on year to $4.7 billion in Jul-Sept. The company said the total rolled product shipments in the September quarter were 940,000 tonnes, nearly flat on year. It said "slightly higher automotive and aerospace shipments were offset by lower beverage packaging and specialty shipments." The company said the demand for infinitely recyclable, lightweight aluminium continues to grow as a fundamental material in modern transportation, building and construction, packaging, and other end markets around the world.
On Tuesday, shares of parent company Hindalco closed at INR 831.40, down 1.9%, on the National Stock Exchange. End
Reported by Rajesh Gajra
Edited by Tanima Banerjee
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