Novelis reports healthy operational performance for Q2FY20 Novelis, a wholly-owned subsidiary of Hindalco, reported a healthy set of operational numbers for Q2FY20. Net sales revenue was at US$2.9 billion while adjusted EBITDA came in at US$374 million, up 5% YoY. For Q2FY20, reported net income is attributable to its common shareholder was at US$123 million, up 6% YoY. Excluding tax-affected special items, such as US$32 million for restructuring actions in the current period, the company reported net income of $160 million, up 31% YoY. Over the last few quarters,...