“Novelis, Hindalco’s fully-owned subsidiary, reported strong set of numbers for 4QFY2011. The top line increased by 22.3% yoy and 15.6% qoq to US$2,960mn, as total shipments grew by 12.7% yoy and 3.0% qoq to 800kt, driven by strong demand across all product segments. Adjusted EBITDA increased by 21.2% yoy and 17.6% qoq to US$280mn, largely because of portfolio optimisation and increased prices. Thus, adjusted EBITDA/tonne came in at US$350/tonne. Net interest expenses grew by 92.7% yoy to US$79mn. Net profit came in at US $50mn in 4QFY2011 vs. a loss of US$1mn in 4QFY2010.” source
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