Novelis Q3 Results: Net income down 9% YoY to $110 million, sales rise 4%

Novelis Inc, the wholly-owned subsidiary of Hindalco Industries, has reported a 9% year-on-year fall in its net income for the December quarter at $110 million. Excluding special items, the bottomline was 32% lower compared to the previous year at $119 million.

The US-based aluminium-maker’s…