Excluding certain tax-effected items, net income was $23 million for the quarter, up $14 million compared to $9 million reported in the same period a year ago.

Adjusted EBITDA for the third quarter of fiscal 2014 was $203 million, up 10% compared to $185 million reported for the same period in the prior year. The increase was driven primarily by higher global shipments partially offset by continued pricing pressures in North America and Asia and reduced scrap benefits from lower aluminium prices.

“Our execution in the third quarter was excellent,” said Phil Martens, President and Chief Executive Officer for Novelis, "We have made great progress in the commissioning of our major expansions and we are now seeing the benefits of some of these projects in our results. While external market pressures partially offset the bottom line impact of this volume growth, we are confident about the realisable potential for this business as the new projects come on-line.”

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