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

Novelis Inc 's Operating Income results by quarter and year




NVLCN Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter March - 243.00 302.00 -1,712.00
III Quarter December 248.00 82.00 394.00 337.00
II Quarter September 285.00 320.00 422.00 299.00
I Quarter June 257.00 498.00 403.00 2,155.00
FY   790.00 1,143.00 1,521.00 1,079.00



NVLCN Operating Income third quarter 2024 Y/Y Growth Comment
Novelis Inc achieved in the third quarter 2024, above Company average Operating Income surge of 202.44% year on year, to $ 248.00 millions.

Looking into third quarter 2024 results within Miscellaneous Fabricated Products industry 5 other companies have achieved higher Operating Income growth. While Novelis Inc ' s Operating Income doubling of 202.44% ranks overall at the positon no. 278 in the third quarter 2024.

Explain Operating Income growth


NVLCN Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter March - -19.54 % - -
III Quarter December 202.44 % -79.19 % 16.91 % -86.26 %
II Quarter September -10.94 % -24.17 % 41.14 % 29.44 %
I Quarter June -48.39 % 23.57 % -81.3 % 732.05 %
FY   - -24.85 % 40.96 % -89.39 %

Financial Statements
Novelis Inc 's third quarter 2024 Operating Income $ 248.00 millions NVLCN's Income Statement
Novelis Inc 's third quarter 2023 Operating Income $ 82.00 millions Quarterly NVLCN's Income Statement
New: More NVLCN's historic Operating Income Growth >>


NVLCN Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter March - 196.34 % -23.35 % -
III Quarter December -12.98 % -74.38 % -6.64 % 12.71 %
II Quarter September 10.89 % -35.74 % 4.71 % -86.13 %
I Quarter June 5.76 % 64.9 % - -70.18 %
FY (Year on Year)   - -24.85 % 40.96 % -89.39 %




Operating Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry #6
Basic Materials Sector #28
Overall #278

Operating Income Y/Y Growth Statistics
High Average Low
1234.65 % 162.49 % -105.58 %
(Sep 30 2020)   (Jun 30 2021)
Operating Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry #6
Basic Materials Sector #28
Overall #278
Operating Income Y/Y Growth Statistics
High Average Low
1234.65 % 162.49 % -105.58 %
(Sep 30 2020)   (Jun 30 2021)

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

Novelis Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
961.47 % 38.28 % -100 %
(Dec 31 2019)  


NVLCN's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2024 Novelis Inc realized drop in Operating Income from the previous quarter by -12.98% to $ 248.00 millions, from $ 285.00 millions achived a quarter before.

But that's not important problem, as Novelis Inc 's Operating Income generally tend to slow in the III. Quarter.

Within Miscellaneous Fabricated Products industry 7 other companies have achieved higher Operating Income quarter on quarter growth. While Novelis Inc 's Operating Income growth quarter on quarter, overall rank is 284.


Operating Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry #8
Basic Materials Sector #20
Overall #284
Operating Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry #8
Basic Materials Sector #20
Overall #284
Operating Income Q/Q Growth Statistics
High Average Low
961.47 % 38.28 % -100 %
(Dec 31 2019)  


NVLCN's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2024 Novelis Inc reported drop in Operating Income from the previous quarter by -12.98% to $ 248.00 millions, from $ 285.00 millions achived in the previous reporting period.

This is not huge concern, as III. Quarter Operating Income frequently gravitate to plunge in the III. Quarter.

Within Miscellaneous Fabricated Products industry 7 other companies have achieved higher Operating Income quarter on quarter growth. While Novelis Inc 's Operating Income growth quarter on quarter, overall rank is 284.


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


Operating 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 Operating Income 12 Months Ending $ 1,033.00 $ 867.00 $ 902.00 $ 1,202.00 $ 1,514.00
Y / Y Operating Income Growth (TTM) -14.06 % -42.73 % -44.18 % - -
Year on Year Operating Income Growth Overall Ranking # 382 # 1713 # 168 # 456 # 76
Seqeuential Operating Income Change (TTM) 19.15 % -3.88 % -21.08 % -20.61 % -6.31 %
Seq. Operating Income Growth (TTM) Overall Ranking # 278 # 922 # 1052 # 917 # 181




Cumulative Operating Income growth Comment
Novelis Inc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Novelis Inc 's annual Operating Income decline would be -14.06% year on year to $1,033 millions.

Within the Basic Materials sector 33 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 382, from total ranking in previous quarter at 1713.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1234.65 %
162.49 %
-105.58 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 6
Basic Materials Sector # 34
Overall # 382

Operating Income TTM Y/Y Growth Statistics
High Average Low
1234.65 %
162.49 %
-105.58 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 28
S&P 500 # 278
Cumulative Operating Income growth Comment
Novelis Inc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Novelis Inc 's annual Operating Income drop would be -14.06% year on year to $1,033 millions.

Within the Basic Materials sector 33 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 382, from total ranking in previous quarter at 1713.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1234.65 %
162.49 %
-105.58 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 6
Basic Materials Sector # 34
Overall # 382

Operating Income TTM Y/Y Growth Statistics
High Average Low
1234.65 %
162.49 %
-105.58 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 28
S&P 500 # 278




Other Operating Income Growth
Miscellaneous Fabricated Products Industry Operating Income Growth Trends and Statistics
Basic Materials Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
NVLCN's Operating Income Growth Ratio versus Miscellaneous Fabricated Products Industry, Basic Materials Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for NVLCN's Competitors
Operating Income Growth for Novelis Inc 's Suppliers
Operating 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 Operating Income drop for the quarter ending Dec 31 2023 within Basic Materials SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Friedman Industries Inc331.99%$ 331.985 millions
Carpenter Technology Corporation208.85%$ 208.850 millions
Novelis Inc 202.44%$ 202.439 millions
Barnes Group Inc 156.98%$ 156.976 millions
Oil States International Inc139.23%$ 139.230 millions
Innovate Corp 115.38%$ 115.385 millions
Valvoline Inc 114.33%$ 114.334 millions




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