Home / Business and Economy / Novelis Earnings Surge 26.3% in Q2, but Net Income Drops 37%
Novelis Earnings Surge 26.3% in Q2, but Net Income Drops 37%
7 Nov
Summary
- Novelis Q2 net income up 26.3% to $163 million
- Novelis Q2 net income excluding special items down 37% to $113 million
- Hindalco shares slump over 6% on Novelis' weak earnings
On November 7, 2025, Novelis, the wholly-owned subsidiary of Hindalco Industries, reported its financial results for the second quarter of the current fiscal year. The company saw a 26.3% increase in its consolidated net income, which reached $163 million, up from $129 million in the same quarter of the previous fiscal year.
However, Novelis' net income excluding special items declined by 37% year-on-year, dropping to $113 million. This weaker-than-expected performance led to a significant drop in Hindalco's share price, with the stock slumping as much as 6.36% to ₹778.10 per share on the Bombay Stock Exchange.
Despite the mixed results, Novelis' net sales rose by 10.45% to $4,744 million, up from $4,295 million in the corresponding quarter of the previous fiscal year. The company's overall financial performance during the second quarter of fiscal year 2026 has been a topic of discussion among investors and industry analysts.
