13 Feb 2026 | 5 Mins Read
Fires at Novelis hit Hindalco profit hard by 45%
Flipitmoney
Hindalco Industries reported an almost 45% drop in net profit to ₹2,049 cr in December quarter, short of ₹4,141 crore estimated average. The decline stemmed from ₹2,610 crore in one-off expenses linked to back-to-back fires at its US crown jewel Novelis Inc. Hindalco expects to recover 70-80% of the impact through insurance and sees its India business driving growth despite the Novelis disruption.