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Hindalco Hit By Novelis' Weak Q2 Performance
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Hindalco Industries' share price fell over 7% on Thursday after its international subsidiary Novelis reported weak second-quarter results and commentary from its management.
The importance of Novelis stems from the fact that it accounted for 61% of Hindalco Industries' total revenues and 56% of its total Ebitda as of fiscal 2024.
#hindalco #novelis #hindalcoshareprice
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The importance of Novelis stems from the fact that it accounted for 61% of Hindalco Industries' total revenues and 56% of its total Ebitda as of fiscal 2024.
#hindalco #novelis #hindalcoshareprice
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Follow NDTV Profit here