---
schema_version: "secwatch.filing_event.v1"
accession: "0001304280-24-000020"
form_type: "8-K"
ticker: null
cik: "0001304280"
company_name: "Novelis Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:50:55.166183+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Novelis Q4 net income $166M (+6% YoY); Adj. EBITDA $514M (+28%)

## Summary
- Q4 net sales $4.1B (-7% YoY) on lower aluminum prices; shipments 951 kt (+2%).
- Full-year net income $600M (-9%); Adj. EBITDA $1.9B (+3%) on $16.2B sales (-12%).
- Full-year free cash flow -$75M vs +$431M prior year; capex $1.4B (+73% YoY).
- Net leverage ratio 2.3x; liquidity $2.3B ($1.3B cash + $1.0B credit facilities).
- Recycled content rose to 63% (vs 61% FY2023); beverage packaging shipments recovering.

## SEC filing metadata
- accession: 0001304280-24-000020
- form_type: 8-K
- cik: 0001304280
- company_name: Novelis Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1304280/000130428024000020/0001304280-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1304280/000130428024000020/nvl-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001304280-24-000020
- JSON: https://secwatch.observer/filing/0001304280-24-000020.json
- Plain text: https://secwatch.observer/filing/0001304280-24-000020.txt

## Key facts
- Earnings Releases
  Novelis Inc. reported fiscal year 2024 results: revenue $16.2 billion, net income $600 million.
  - Period: fiscal year 2024
  - Revenue: $16.2 billion
  - Net income: $600 million
  - Result: reported results
  source text: Net sales decreased 12% to $16.2 billion in fiscal year 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304280/000130428024000020/0001304280-24-000020-index.htm
- Earnings Releases
  Novelis Inc. reported the fourth quarter of fiscal year 2024 results: revenue $4.1 billion, net income $166 million.
  - Period: the fourth quarter of fiscal year 2024
  - Revenue: $4.1 billion
  - Net income: $166 million
  - Result: reported results
  source text: Net sales decreased 7% versus the prior year period to $4.1 billion for the fourth quarter of fiscal year 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304280/000130428024000020/0001304280-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.