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Earnings Call

Hindalco Industries Earnings Call: Key Takeaways

Hindalco delivered solid Q4 FY26 performance with consolidated EBITDA at ₹10,812 Cr (up 11% YoY). Strategy focuses on massive upstream and downstream expansion while maintaining net debt/EBITDA under 2x.

Highlights
Revenue growthIndia upstream revenue up 11% YoY.
MarginsRecord copper EBITDA; Novelis margins supported by cost efficiency.
Demand visibilityStrong Indian demand (9% growth); global aluminum moved to deficit.
Management confidenceHigh; citing solid India footing and Novelis recovery year in FY27.

Growth

Upstream aluminum EBITDA $1,756/t; consolidated PAT at ₹2,597 Cr (impacted by Oswego fire exceptional item).

Outlook

FY27 capex ₹12k Cr (India) and $2.3-2.4B (Novelis). Target $600/t EBITDA for Novelis long-term.

Risks

Input cost inflation (5% guided for Q1), geopolitical conflict in West Asia, and tight global copper concentrate market.

Source

Earnings Call filed with NSE, NSE: HINDALCO. Summary written with AI assistance from the document.

Read the document ↗

Hindalco Industries Ltd: key numbers

Share price
₹910.85
Market cap
₹2,04,689 Cr
Revenue (annual)
₹2,74,944 Cr
Net profit (annual)
₹13,391 Cr
P/E (TTM)
12.5×Sector 18.4×
Promoter holding
34.66%+0.02% QoQ
FII holding
31.41%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Hindalco Industries Ltd

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15:20 IST BSE
Board Meeting Date

Hindalco Industries Board Meeting Date

Hindalco Industries scheduled a board meeting on November 6, 2026, to approve its Q2 FY27 unaudited financial results. The trading window remains closed starting October 1, 2026.

17:37 IST BSE
Capital Structure Change

Hindalco Industries Capital Structure Change

LIC reduced its shareholding in Hindalco Industries by 45.35 million shares through market sales. This divestment lowers the institutional investor's stake to 4.33%.

Execution
16.01.2024-21.09.2026
14:46 IST NSE
Other Announcement

Hindalco Industries Other Announcement

Hindalco disclosed an independent ESG rating of 67 by Niche Ninety Nine. The score reflects the company's environmental, social and governance performance.

09:42 IST BSE
Production Started

Hindalco Industries Production Started

Hindalco Industries commissioned India's first greenfield Superfine PPT ATH plant in Belagavi, Karnataka. The facility has an initial annual production capacity of 30,000 tonnes.

18:18 IST NSE
Merger & Restructuring

Hindalco Industries Merger & Restructuring Worth ₹0.05 Cr

Hindalco Industries Limited has incorporated UHG Holdings IFSC Private Limited as an associate company. Hindalco invested ₹0.05 Crore to acquire a 50% stake in the entity.

Value
₹0.05 Cr
15:17 IST BSE
Merger & Restructuring

Hindalco Industries Merger & Restructuring

Hindalco provides an update on the acquisition of AluChem Companies, Inc. The CFIUS review timeline is now extended to September 2, 2026, due to U.S. government shutdowns.