Novelis Reports Q4 and Full Year 2026 Results; Highlights Operational Impact of Fires and Bay Minette Progress

Novelis Reports Q4 and Full Year 2026 Results; Highlights Operational Impact of Fires and Bay Minette Progress​

Novelis Inc., a leading sustainable aluminum solutions provider, reported its financial results for the fourth quarter and the full fiscal year 2026. The reports detail the company’s performance, marked by significant operational interruptions at its Oswego, U.S., plant and advancements at the Bay Minette greenfield facility.

Fourth Quarter and Full Year 2026 Financial Outcomes​

During the fourth quarter of fiscal year 2026, Novelis reported net sales of $4.8 billion, an increase of 4% year-over-year (YoY). However, total rolled product shipments decreased by 12% to 844 kilotonnes, largely due to production disruption at Oswego.

For the full fiscal year 2026, net sales saw a 7% YoY increase, reaching $18.4 billion. Conversely, total rolled product shipments declined by 5% to 3,557 kilotonnes, also citing the impact of the Oswego fires.

Financial performance was significantly affected by the fires and tariffs across both reporting periods.

In Q4 FY26, the net loss attributable to common shareholders was $84 million, contrasting sharply with a net income of $294 million in the prior year period. Adjusted EBITDA was reported at $459 million, a decrease of 3% YoY.

For the full year 2026, net income attributable to common shareholders decreased 98% YoY to $15 million. Adjusted EBITDA reached $1.6 billion, representing a 9% YoY decrease.

Impact of Oswego Plant Fires​

The operational results for both quarters were materially affected by two significant fires that occurred at the Oswego plant in September and November 2025.

The fires were contained to the hot mill area, and all personnel were safely evacuated without injuries. The impact on finances included estimated negative impacts on Adjusted EBITDA and pre-tax losses.

The estimated financial impacts are summarized below:

Full Year 2026 Operational Milestones and Investment​

The company advanced construction efforts at its U.S. greenfield plant in Bay Minette, Alabama. Cold commissioning at this new facility began in March 2026. The Oswego hot mill is expected to restart ahead of previous estimates.

Regarding long-term financial health, Novelis reported that total liquidity stood at $2.8 billion as of March 31, 2026.

The company’s net leverage ratio (Adjusted Net Debt / TTM Adjusted EBITDA) was 4.1x at the end of fiscal year 2026, compared to 2.9x in the prior year.

Key Financial Data Highlights​

The following tables provide a comparative overview of key financial metrics for the two periods.

Financial Results Comparison (in millions, except units):


Liquidity and Leverage Position (in $ millions):

HINDALCO Stock Price Movement​

Hindalco Industries Limited shares today slipped by 0.58% to settle at ₹1048.3. The metal giant shed ₹6.10 per share, facing a trading day with volume clocking in at 3.67 million shares.