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Novelis Inc   (NVLCN)
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NVLCN's Net Income Growth by Quarter and Year

Novelis Inc 's Net Income results by quarter and year




NVLCN Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter March - 156.00 216.00 176.00
III Quarter December 121.00 12.00 262.00 177.00
II Quarter September 157.00 183.00 237.00 -37.00
I Quarter June 156.00 306.00 240.00 -79.00
FY   434.00 657.00 955.00 237.00



NVLCN Net Income third quarter 2024 Y/Y Growth Comment
Novelis Inc achieved in the third quarter 2024, above Company average Net Income surge of 908.33% year on year, to $ 121.00 millions.

Looking into third quarter 2024 results within Miscellaneous Fabricated Products industry 4 other companies have achieved higher Net Income growth. While Novelis Inc ' s Net Income doubling of 908.33% ranks overall at the positon no. 348 in the third quarter 2024.




NVLCN Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter March - -27.78 % 22.73 % 179.37 %
III Quarter December 908.33 % -95.42 % 48.02 % 65.42 %
II Quarter September -14.21 % -22.78 % - -
I Quarter June -49.02 % 27.5 % - -
FY   - -31.2 % 302.95 % -43.57 %

Financial Statements
Novelis Inc 's third quarter 2024 Net Income $ 121.00 millions NVLCN's Income Statement
Novelis Inc 's third quarter 2023 Net Income $ 12.00 millions Quarterly NVLCN's Income Statement
New: More NVLCN's historic Net Income Growth >>


NVLCN Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter March - 1200 % -17.56 % -0.56 %
III Quarter December -22.93 % -93.44 % 10.55 % -
II Quarter September 0.64 % -40.2 % -1.25 % -
I Quarter June 0 % 41.67 % 36.36 % -
FY (Year on Year)   - -31.2 % 302.95 % -43.57 %




Net Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry #5
Basic Materials Sector #25
Overall #348

Net Income Y/Y Growth Statistics
High Average Low
1437.04 % 154.12 % -128.79 %
(Sep 30 2021)   (Dec 31 2015)
Net Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry #5
Basic Materials Sector #25
Overall #348
Net Income Y/Y Growth Statistics
High Average Low
1437.04 % 154.12 % -128.79 %
(Sep 30 2021)   (Dec 31 2015)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Novelis Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1200 % 41.79 % -100 %
(Mar 31 2023)  


NVLCN's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2024 Novelis Inc disclosed fall in Net Income from the previous quarter by -22.93% to $ 121.00 millions, from $ 157.00 millions released in the previous reporting period.

It's not important concern, as Novelis Inc 's Net Income generally tend to slow in this quarter.

Within Miscellaneous Fabricated Products industry 7 other companies have achieved higher Net Income quarter on quarter growth. While Novelis Inc 's Net Income growth quarter on quarter, overall rank is 399.


Net Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry #8
Basic Materials Sector #24
Overall #399
Net Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry #8
Basic Materials Sector #24
Overall #399
Net Income Q/Q Growth Statistics
High Average Low
1200 % 41.79 % -100 %
(Mar 31 2023)  


NVLCN's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2024 Novelis Inc disclosed fall in Net Income from the second quarter by -22.93% to $ 121.00 millions, from $ 157.00 millions achived in the previous quarter.

When you look into current shortcoming in the III. Quarter 2024, you suppose to presume, that commonly III. Quarter 2024 results emerge sluggish in contrast to the quarter before, Aiden Davis, an industry researcher said.

Within Miscellaneous Fabricated Products industry 7 other companies have achieved higher Net Income quarter on quarter growth. While Novelis Inc 's Net Income growth quarter on quarter, overall rank is 399.


Novelis Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Net Income 12 Months Ending $ 590.00 $ 481.00 $ 507.00 $ 717.00 $ 967.00
Y / Y Net Income Growth (TTM) -17.71 % -50.26 % -50.34 % -21.64 % 16.51 %
Year on Year Net Income Growth Overall Ranking # 201 # 193 # 39 # 49 # 49
Seqeuential Net Income Change (TTM) 22.66 % -5.13 % -22.83 % -25.85 % -5.29 %
Seq. Net Income Growth (TTM) Overall Ranking # 348 # 654 # 897 # 899 # 709




Cumulative Net Income growth Comment
Novelis Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Novelis Inc 's annual Net Income decline would be -17.71% year on year to $590 millions.

Among companies within the Basic Materials sector 13 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 193 to 201.

Net Income TTM Q/Q Growth Statistics
High Average Low
1437.04 %
154.12 %
-128.79 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 5
Basic Materials Sector # 14
Overall # 201

Net Income TTM Y/Y Growth Statistics
High Average Low
1437.04 %
154.12 %
-128.79 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 25
S&P 500 # 348
Cumulative Net Income growth Comment
Novelis Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Novelis Inc 's annual Net Income drop would be -17.71% year on year to $590 millions.

Among companies within the Basic Materials sector 13 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 193 to 201.

Net Income TTM Q/Q Growth Statistics
High Average Low
1437.04 %
154.12 %
-128.79 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 5
Basic Materials Sector # 14
Overall # 201

Net Income TTM Y/Y Growth Statistics
High Average Low
1437.04 %
154.12 %
-128.79 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 25
S&P 500 # 348




Other Net Income Growth
Miscellaneous Fabricated Products Industry Net Income Growth Trends and Statistics
Basic Materials Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
NVLCN's Net Income Growth Ratio versus Miscellaneous Fabricated Products Industry, Basic Materials Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for NVLCN's Competitors
Net Income Growth for Novelis Inc 's Suppliers
Net Income Growth for NVLCN's Customers

You may also want to know
NVLCN's Annual Growth Rates NVLCN's Profitability Ratios NVLCN's Asset Turnover Ratio NVLCN's Dividend Growth
NVLCN's Roe NVLCN's Valuation Ratios NVLCN's Financial Strength Ratios NVLCN's Dividend Payout Ratio
NVLCN's Roa NVLCN's Inventory Turnover Ratio NVLCN's Growth Rates NVLCN's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Basic Materials SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Superior Drilling Products Inc 1,576.94%$ 1,576.940 millions
Novelis Inc 908.33%$ 908.333 millions
Carpenter Technology Corporation588.71%$ 588.710 millions
Element Solutions Inc498.45%$ 498.450 millions
Gibraltar Industries Inc 480.47%$ 480.466 millions




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