Hindalco arm Novelis Q3 net income falls 9% to $110 million; sales rise 4% to $4.1 billion

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Adjusted EBITDA fell 19% to $367 million due to higher aluminium scrap prices and an unfavourable product-mix. Shares of Hindalco Industries Ltd ended at ₹596.10, down by ₹11.35, or 1.87%, on the BSE.

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