Hindalco share price falls over 6% after Novelis Q2 results; sees $650 million impact from fire at US plant

Hindalco share price declined over 6% in early trade on Thursday after the company’s subsidiary Novelis Inc reported weak earnings for the second quarter of FY26. Hindalco shares slumped as much as 6.36% to ₹778.10 apiece on the BSE.

Novelis Inc, the wholly-owned arm of Hindalco Industries Ltd, reported a 26.3% increase in consolidated net income to $163 million for the second quarter ended September 30, 2025. The company had posted a consolidated net income of $129 million in the corresponding quarter of the previous fiscal year.

The company’s net income in Q2 excluding special items declined 37% year-on-year (YoY) to $113 million.

Net sales rose 10.45% to $4,744 million from $4,295 million, YoY.

At 9:40 AM, Hindalco share price traded 4.84% lower at ₹790.75 apiece on the BSE.

(More to come)

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories