Latest news with #HindalcoNovelis
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Business Standard
12-08-2025
- Business
- Business Standard
Hindalco slips 2% after arm Novelis reports Q1 results; read analysis here
Hindalco Industries shares slipped 2 per cent on Tuesday, August 12, 2025, and logged an intra-day low at ₹656.85 per share on BSE. The stock fell after the company's United States (US) based subsidiary Novelis released its Q1FY26 numbers on Monday, after market hours. However, at 9:40 AM, Hindalco share price was trading only 0.47 per cent lower at ₹668.65 per share. In comparison, the Sensex was 0.16 per cent lower at 80,735.93. Novelis Q1 results Hindalco's United States (US) based subsidiary Novelis released its Q1FY26 numbers on Monday, after market hours. In the first quarter ended June 2025, the company reported a 36 per cent year-on-year (Y-o-Y) decline in net income attributable to its common shareholders to $96 million, as compared to $151 million. Its net sales for the quarter stood at $4,717 million, as compared to $4,187 million a year ago. Meanwhile, adjusted Earnings before interest tax, depreciation, and amortisation (Ebitda) stood at $416 million, down 17 per cent Y-o-Y. Rolled product shipments was at 963 kilotonnes, up 1 per cent Y-o-Y and adjusted Ebitda per tonne shipped stood at $432, down 18 per cent Y-o-Y. Track Stock Market LIVE Updates Hindalco Novelis management commentary Increase in scrap prices (especially for used beverage cans) will continue to keep margins under pressure; however, the positive metal price lag from Midwest Premium movements (increased from $450 per ton to $1,500 per ton in recent months could partially offset the impact. The company expects the US tariff on aluminum imports (particularly from South Korea and Canada) to affect Q2FY26 Ebitda by $60 million quarter-on-quarter (Q-o-Q), which may partially be offset by the US Midwest premium. Management expects adjusted Ebitda/t to bottom out by the end of H1FY26. H2FY26 is expected to see a rise in Ebitda levels. Management expects some tariff cost recovery to be achieved via customer discussions, although the company is avoiding renegotiating contracts mid-term to protect relationships and volumes. The commissioning of Bay Minette will reduce the import dependency and free up other US capacities for high-margin (automotive and specialty) products. Management does not expect any volume loss due to tariff issues – the mitigation plan is designed to protect shipments and maintain customer relationships. Hindalco Novelis Q1 results analysis: Brokerages decode Nuvama Institutional Equities | Buy | Target: ₹776 Management guides for net tariff impact of $60 million/quarter (assuming 50 per cent tariff on aluminium imports in the US). Despite that, with likely improvement in scrap spread and reducing production cost, management guided for Ebitda to have bottomed out in Q1FY26, the brokerage noted. Further, Nuvama shall adjust our numbers with Hindalco's Q1 earnings. Investec | Hold | Target cut to ₹705 from ₹730 The brokerage believes tariffs headwinds impacted Novelis' performance. Further, the company's spreads have disappointed in the quarter under review and are expected to continue in this manner, according to reports.
Business Upturn
13-05-2025
- Business
- Business Upturn
Top stocks to watch today, May 13: Tata Steel, Hindalco, Raymond Life, Paytm, Piramal Pharma and more
By Aman Shukla Published on May 13, 2025, 08:31 IST Indian stock market ended sharply higher on Monday, driven by positive global cues including the US-China trade deal settlement and easing border tensions between India and Pakistan. The BSE Sensex surged 2,975.43 points or 3.74% to close at 82,429.90, while the NSE Nifty50 jumped 916.70 points or 3.82%, settling at 24,924.70. Here are the key stocks to watch ahead of Tuesday's trading session, May 13, 2025: Key Stocks to Watch Tata Steel The company reported Q4 results in line with market expectations. Net debt declined on a sequential basis, indicating improved balance sheet strength. Hindalco Novelis, its US-based subsidiary, posted better Q4 numbers. However, the company withdrew its FY26 guidance, which may weigh on investor sentiment. Pharma Sector Donald Trump's executive order on pharmaceuticals turned out to be less severe than feared, offering potential relief to sectoral stocks. Piramal Pharma Announced a $90 million capital expenditure investment across two existing US facilities, signaling expansion plans. Zaggle Prepaid Reported a 32% increase in EBITDA and 50.9% growth in YoY revenue. TD Power EBITDA rose by 56.2%. Margins improved to 18.8% from 15.8% YoY. JM Financial Net interest income rose 31.9%. Net profit grew to ₹134.6 crore from ₹27.5 crore YoY. Care Ratings EBITDA surged 64.8%, with margins expanding to 43.2% from 32% YoY. Thomas Cook Reported a 12.4% increase in EBITDA and 18.7% YoY rise in revenue. KIMS (Krishna Institute of Medical Sciences) EBITDA rose 24.6%, and revenue grew 25.7% YoY. Krsnaa Diagnostics EBITDA increased 21.6%, with margin improving to 28.4% from 26.2% YoY. Prudent Corporate Advisory Q4 performance came in above estimates, with profit up 7.3% YoY. Chalet Hotels EBITDA increased 32%, with margin expansion to 46.3% from 43.7% YoY. Ventive Hospitality EBITDA rose 23% YoY, and margins improved by 100 basis points. Happiest Minds Reported a 32% decline in profit. Margins dropped to 15.4% from 17.7% QoQ. Morepen Laboratories EBITDA fell 12.6%. Margins narrowed to 9% from 11.4% YoY. Raymond Life EBITDA plunged 94.6%. Margins declined to 1% from 14.6% YoY. Carborundum Universal EBITDA dropped 30.3%. Margins shrank to 12% from 17.4% YoY. Raymond Ltd Consolidated Q4 profit fell 40%, with margin dropping to 16.4% from 23.3% YoY. Sagar Cements Posted a Q4 net loss. EBITDA per tonne declined 48.3% YoY. Paytm Sources indicate Antfin may sell up to 4% of its stake via block deals, possibly at a 6.5% discount to current market price. KFin Technologies Reports suggest General Atlantic may offload up to 10% via block deals, with an expected discount of 8.3% to CMP. Premier Explosives Received a closure order for its Katepally unit from the Telangana Pollution Control Board, which may impact operations. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. HindalcoPaytmPiramal pharmaRaymond LifeStock MarketTata Steel Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
