Hindalco’s Q3 story: Novelis lags, while India holds up
Source: Live Mint Hindalco Industries Ltd managed to sail through in the December quarter (Q3FY25). While its India business did well, the company’s US subsidiary Novelis remained under pressure, thanks to significantly higher aluminium scrap prices and an adverse product mix, which led to an 18% year-on-year drop in Ebitda. Note that about two-thirds of…