Hindalco arm Novelis Q1 net income dips 36% to $96 million; net sales up 13% at $4.7 billion

Net sales for the quarter rose 13% to $4.7 billion, driven by higher average aluminium prices and a 1% increase in total rolled product shipments to 963 kilotonnes. Higher beverage packaging shipments were partially offset by lower automotive and specialty shipments. Shares of Hindalco Industries Ltd ended at ₹676, up by ₹3.20, or 0.48%, on the BSE today (August 11).

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