Novelis Inc. (NVL)

Novelis Income Statement

Financials in millions USD. Fiscal year is April - March.

Year Ending	TTM	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue	16,210	16,210	18,486	17,149
Revenue Growth (YoY)	-	-12.31%	7.80%	-
Cost of Revenue	13,704	13,704	15,996	14,354
Gross Profit	2,506	2,506	2,490	2,795
Selling, General & Admin	717	717	679	631
Research & Development	98	98	95	92
Other Operating Expenses	14,577	14,577	16,906	15,127
Operating Expenses	15,392	15,392	17,680	15,850
Operating Income	818	818	806	1,299
Other Expense / Income	-	-	2	63
Pretax Income	818	818	805	1,235
Income Tax	218	218	147	281
Net Income	600	600	657	955
Net Income Growth	-	-8.81%	-31.03%	-
Free Cash Flow	-43	-43	422	697
Gross Margin	15.46%	15.46%	13.47%	16.30%
Operating Margin	5.05%	5.05%	4.36%	7.57%
Profit Margin	3.70%	3.70%	3.56%	5.56%
Free Cash Flow Margin	-0.27%	-0.27%	2.28%	4.06%
Effective Tax Rate	26.65%	26.65%	18.26%	22.75%
EBITDA	1,372	1,372	1,344	1,786
EBITDA Margin	8.46%	8.46%	7.27%	10.41%
Depreciation & Amortization	554	554	540	550
EBIT	818	818	804	1,236
EBIT Margin	5.05%	5.05%	4.35%	7.21%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).