Novelis Q2FY25 results: PAT falls 18% to $128 mn, net sales at $4,295 mn

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Novelis Q2FY25 results: PAT falls 18% to $128 mn, net sales at $4,295 mn - Business Standard

Quick Summary:

Novelis Inc, the US-based aluminium producer and subsidiary of Hindalco Industries, on Wednesday reported an 18 per cent decline in net income to USD 128 million in the September quarter of 2024-25.

The US-based company, which deals in aluminium rolled products, had reported a net income of USD 157 million in the same period of the last financial year, the company said in a filing to BSE.

"Net income attributable to our common shareholder decreased 18% versus the prior year to USD 128 million in the second quarter of fiscal year 2025," the filing said.