Hindalco Industries Ltds subsidiary, Novelis Inc., reported a 5% increase in Q2 FY25 net sales to $4.3 billion but a net income drop of 18% to $128 million, following impacts from a flooding incident in Switzerland. Adjusted EBITDA was $462 million, down 5% year-over-year, amid strategic investments and a net leverage ratio of 2.5x.