Hindalco Industries Ltd submits Novelis’ Q2 FY27 results, with net sales up 25% YoY to $5.942 billion
- Net income rose 29% YoY to $210 million; Adjusted EBITDA increased 20% to $508 million.
- Shipments fell 2% YoY to 919 kt; Adjusted EBITDA included $39 million of Oswego fire-related insurance recoveries.
- Novelis reported $519 million in cumulative recoveries; financial statements are unaudited.