Hindalco shares jump nearly 4% ahead of May 22 results
NewsBytes | May 13, 2026 5:40 PM CST
Novelis call May 19 $403 million EBITDA
Novelis, Hindalco's wholly owned subsidiary, will hold a conference call on Tuesday, May 19, after announcing its financial results for the March quarter.
Analysts expect strong numbers from Hindalco: India EBITDA could hit ₹55.4 billion, boosted by higher aluminum prices on a sequential basis and stronger commodity prices.
Novelis's EBITDA is estimated at $403 million. Despite a dip year over year, it's up 16% from last quarter thanks to robust demand for packaging and continued mitigation efforts to offset tariffs and the Oswego issue.
Hindalco's stock has been on a roll lately, up 10% in the past month and showing massive returns over the last few years.
READ NEXT
-
Climate risk still missing from lending strategy at India's top banks: Analysis
-
UP Storm Havoc: Man Swept Away With Tin Shed in Bareilly, Over 100 Dead
-
Legal rights if kids keep kicking balls over your garden fence
-
IPL 2026 Playoffs: MI & LSG Are Out of the Race but They Can Spoil the Party for Others
-
Brits 'cutting corners' to save amid cost-of-living risk putting themselves 'in danger'
