Novelis Q1 profit rises 71% as aluminium demand and cost savings lift margins
Hindalco-owned Novelis reported Q1 FY2027 net income of $164 million, up 71% year on year, despite a 5% decline in rolled-product shipments following an Oswego disruption. Higher aluminium prices, lower scrap costs and savings lifted EBITDA, while Bay Minette expansion spending kept free cash flow negative.
Hindalco subsidiary Novelis reported stronger Q1 FY2027 profitability despite lower shipments from the Oswego disruption. Higher aluminium prices, cost savings and lower scrap costs lifted margins, while Bay Minette expansion spending widened cash outflows. Positive free cash flow is targeted by Q4.
Why this matters
The result follows Hindalco’s up-to-₹1 lakh crore India and Novelis capacity pipeline and its $10B organic-growth push, pairing Novelis margin gains with expansion-led cash outflows.
Retail-company is accelerating, up 183113% QoQ.