Hindalco Industries Ltd

Hindalco’s Novelis Reports Mixed Q3 2025 Results: Sales Up 10%, EBITDA Down 9% 📊

- Net sales rose 10% YoY to $4.7B in Q3 2025, fueled by aluminum price increases.

- Adjusted EBITDA fell 9% to $422M; net income grew 27% to $163M.

- Rolled product shipments remained flat year-over-year.

- North America EBITDA dropped 28% despite 19% sales growth; Europe EBITDA surged 29%.

- Annual maintenance capex expected at $300M–$350M.

- Total liquidity improved to $2.9B, with $1.2B in deferred tax assets (net liability: $112M).

- Restructuring costs hit $31M (efficiency plan), while Oswego fire losses totaled $21M.

- Debt stands at $6.96B, with short-term borrowings of $527M at 4.97% avg interest.

- Derivative contracts show $74M net liability (Level 2 fair value).

- Ball Corp. accounted for 17% of Q3 sales; Rio Tinto supplied 11% of metal purchases.