Hindalco subsidiary Novelis Q3: $160M net loss from Oswego fires

Net loss reportedEBITDA margin compressionExceptional itemNegative operating cash flowRelated-party transactionsResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹966.60

prior close

₹950.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.4% vs market

Aluminium peers, median of 12sector-2.0%+1.8% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty 100 and 1.8 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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Sessions after the filingfrom the prior close

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Reaction day

-0.1-0.5+0.4-2.0+1.8

Next day

-6.3-1.9-4.4-3.3-3.0

-6.2-1.0-5.1-4.7-1.4

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15d

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+0.1-8.3+8.5-15.1+15.2

+1.0-7.5+8.5-6.0+7.0

+7.9-8.6+16.5+2.3+5.5

UpDownMarket · Nifty 100Sector · Aluminium peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Novelis Inc, Hindalco's wholly owned subsidiary, posted Q3FY26 net loss of $160M vs profit of $110M YoY, hit by $327M pre-tax Oswego fire losses. Net sales rose 3% to $4.2B, but shipments fell 11% to 809kt. Adjusted EBITDA dropped 5% to $348M, though per-tonne EBITDA rose 6% to $430. Oswego hot mill restart targeted late Q2 CY2026. Parent Hindalco infused $750M equity in December 2025. Net leverage at 3.7x.

Likely market impact

Oswego fires caused net loss and weak cash flow. Parent equity infusion and insurance recovery expected to support turnaround.