Hindalco Industries Limited has informed the Exchange regarding a press release dated May 12, 2025, titled "Novelis Reports Fourth Quarter and Full Fiscal Year 2025 Results".
HINDALCO · price
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Awaiting price reaction for this filing.
Hindalco's wholly-owned subsidiary Novelis reported Q4 FY25 net income of $294 million, up 77% year-on-year, while adjusted EBITDA fell 8% YoY to $473 million but improved 29% sequentially. Full-year FY25 net sales grew 6% to $17.1 billion with rolled product shipments up 2% to 3,757 kilotonnes, but full-year adjusted EBITDA declined 4% to $1.8 billion due to elevated aluminum scrap prices and higher operating costs. Net leverage ratio stood at 2.9x (up from 2.3x) with total liquidity of $2.8 billion. Management announced a new structural cost efficiency plan targeting $300+ million in annual run-rate savings by FY28, while guiding FY26 capital expenditure to $1.9–2.2 billion to support the Bay Minette project and other growth investments.
Short-term, the YoY decline in EBITDA per tonne ($480, down 6%) and rising leverage may weigh on sentiment, but the sequential EBITDA recovery and $300M+ cost savings plan signal management's focus on margin recovery. The high capex guidance could pressure free cash flow in FY26 (adjusted free cash flow was -$737M in FY25), so investors should watch for execution on the cost plan and scrap price trends.