Thu, Aug 08, 2024
Shares of Aditya Birla group-owned Hindalco fell nearly 2 per cent to day's low of Rs 613.55 as the company's US-based subsidiary Novelis revealed its results. At the last count, the stock pared some of its early losses and was down 0.8 per cent at Rs 619.9 apiece on the BSE.
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Wed, May 29, 2024
Why Hindalco on radar? Which subsidiary has IPO in US? How much benefit from IPO of subsidiary? Know complete details from Ashish Chaturvedi
Tue, Feb 13, 2024
Hindalco Industries share price, Hindalco Industries Q3 Results: Margins are expected to come in at 10.7 per cent against 7 per cent registered in the year-ago period.
The Hindalco subsidiary's revenue from operations was down by 6.4 per cent Year-on-Year (YoY), while its profit was up by 10.1 times. Hindalco is set to report its December quarter results on Tuesday (February 13, 2024).
Wed, Nov 08, 2023
Hindalco share price: Novelis' adjusted EBITDA per tonne shipped rose 1 per cent YoY to $519. Novelis had guided EBITDA per tonne of $500 by March 2024.
Thu, Feb 09, 2023
Hindalco's statement – the bad phase of Novelis is over. Company will turnaround in Q4. Globally, Aluminium demand will remain under pressure in FY24. The fear of recession is ending in the US. Coal cost likely to drop by 10-15% in Q4.
Thu, Aug 04, 2022
Hindalco's share price surged by 4.5% to Rs 432.95 per share on the BSE intraday during Aug 4’s session. After the company's US-based subsidiary Novelis reported robust earnings in Q1FY23.
Hindalco subsidiary Novelis’ 1QFY23 adjusted EBITDA was much ahead of several brokerages' estimates led by a sharp recovery in margins in North America mainly due to an improvement in semiconductor supplies.
Tue, Nov 10, 2020
Novelis reports robust Q2 results; realisation from divestment disappoints Novelis (100% sub of Hindalco) reported Q2 underlying EBITDA of U.S. $443 mn (+39% vs CLSA) on strong profitability (U.S. $493/T) and higher volumes (+11% YoY).
Thu, Jul 26, 2018
"Acquiring Aleris is the right opportunity at the right time as they are set for transformational growth," said Steve Fisher, President and CEO, Novelis Inc, adding "The significant investments they've made in the high-demand, high-value aerospace and automotive segments have resulted in favorable long-term, global contracts. These investments, coupled with a diverse and talented workforce, will add tremendous value to our organization and allow us to deliver the highest quality innovative aluminum solutions to our customers."
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