Novelis lifts earnings on lower scrap costs despite tariffs, strikes and heavy spending
Novelis reported higher second-quarter net sales and adjusted EBITDA, helped by cheaper scrap and Oswego insurance recoveries. Figures are according to TradingView.
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what happened
According to TradingView, Novelis posted second-quarter net sales up 25% year on year, while adjusted EBITDA rose 20%. Lower scrap costs and Oswego insurance recoveries were the main drivers of the gains.
Tariffs and strike-related declines in shipment volumes partly offset that growth.
The company projects fiscal 2027 capital expenditure of between $2.1 billion and $2.4 billion.
why it matters
The combination of strong profit and large investment plans matters for markets, since heavy capex can limit free cash flow. The news mainly concerns the company's shares and investor interest in the metals sector.
market impact
Novelis shares: higher profit supports them, but heavy capex weighs on them
- Novelis shares mixed — higher profit supports the stock, while large 2027 capex weighs on it
tags
instruments
sources
- Novelis: Higher earnings and Oswego recoveries met pressure from tariffs, strikes and heavy investment — TradingView, 5 November 2026 at 19:44 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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