ALFA Finder
The call has ended.
Key takeaways
Consolidated EBITDA ₹13,869 Cr (+52%) and PAT ₹7,534 Cr (+59%) led by India aluminium; copper includes ~₹350-400 Cr one-offs.
| Revenue growth | Consolidated EBITDA +52% YoY to ₹13,869 Cr; India aluminium upstream revenue +33%. |
|---|---|
| Margins | India upstream EBITDA/t ₹2,125; margin 52%, aided by premiums and VAP. |
| Demand visibility | India aluminium demand ~1.7 Mt in Q2, +6% YoY; global deficit ~0.5 Mt. |
| Management confidence | Upbeat and record-focused, with headwinds acknowledged when pressed. |
Growth
India EBITDA +66% to ₹9,011 Cr; upstream lifted by export premiums and VAP pricing while shipments rose only 1%.
Outlook
Capex ~₹12,000 Cr in FY27, 'substantially higher' in FY28; Novelis leverage ~4x by Q4 FY27; Novelis EBITDA/t target $600 unchanged.
Risks
Coal costs expected up ~5% QoQ again in Q3; MJP premium down over $100/t; Novelis tariffs and Yongju strike ($20M) persist into Q3.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Hindalco Industries Q2 FY27 Results: Net Profit ₹7,533 Cr, Up 58.9% YoY
Hindalco Industries Ltd reported revenue from operations of ₹91,708 Cr (+38.8% YoY) and net profit of ₹7,533 Cr (+58.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹7,533 Cr · +58.9% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting $600/ton Novelis EBITDA and doubling India upstream capacity. FY27 India capex set at ₹12,000 Cr.
Growth they described
India business EBITDA rose 17% YoY. Novelis maintained EBITDA/ton near $500 despite fire-related volume losses and adverse tariff impacts.
Call details
| Company | Novelis (Hindalco subsidiary) |
|---|---|
| NSE symbol | HINDALCO |
| ISIN | INE038A01020 |
| Call | Investor Call investor call |
| Date | Thursday, 5 November 2026 |
| Time | 5:30 PM IST |
Novelis (Hindalco subsidiary): key numbers
- Share price
- ₹958.40
- Market cap
- ₹2,15,374 Cr
- Revenue (annual)
- ₹2,74,944 Cr
- Net profit (annual)
- ₹13,391 Cr
- P/E (TTM)
- 11.2×Sector 17.0×
- Promoter holding
- 34.66%+0.00% QoQ
- FII holding
- 30.17%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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