Novelis Inc., a wholly owned subsidiary of Hindalco Industries Limited, reported a net loss of $84 million for Q4 FY26, compared to a net income of $294 million in the prior year, largely due to $630 million in pre-tax losses from fires at its Oswego plant. For the full year, net sales increased 7% to $18.4 billion, while Adjusted EBITDA declined 9% to $1.6 billion. The company expects the Oswego hot mill to restart ahead of schedule and anticipates returning to positive free cash flow by the end of fiscal 2027.
Novelis Reports Q4 Net Loss of $84 Million
