Hindalco Reports Q4 and Full Year FY26 Results

Hindalco Industries Limited, the Aditya Birla Group metals flagship, today reported results for the quarter and year ended March 31, 2026. The company posted its highest-ever consolidated Revenue and EBITDA for both the quarter and the full year, driven by a record India business performance and a steady recovery at Novelis.

Q4 FY26 - Key Highlights

- Record quarterly consolidated Revenue at ₹78,133 crore, up 20%
- All-time high quarterly consolidated EBITDA at ₹11,197 crore, up 9%
- Consolidated PAT before exceptional items at ₹5,796 crore, up 10%
- Consolidated PAT at ₹2,597 crore, impacted by Oswego disruption due to fires
- Record Aluminium Upstream quarterly EBITDA at ₹5,448 crore, up 13%
- Record Copper quarterly EBITDA at ₹907 crore, up 48%
- Novelis Adjusted EBITDA per tonne at $544, up 10%
- Oswego plant expected to restart in next few weeks
- Bay Minette cold mill began commissioning in March; on track to complete commissioning in the second half of 2026

FY26 - Key Highlights

- Revenue at a record ₹2,74,944 crore, up 15%
- All-time high consolidated EBITDA of ₹38,097 crore
- Consolidated PAT before exceptional items at ₹18,733 crore up 10%
- Consolidated PAT at ₹13,391 crore, impacted by Oswego disruption due to fires
- Record Aluminium Upstream EBITDA at ₹18,884 crore, up 16%
- Record Aluminium Downstream EBITDA at ₹978 crore, up 55%
- Novelis Adjusted EBITDA per tonne at $500 up 4%, excluding exceptional items
- Consolidated Net Debt to EBITDA at 1.83x as of March 31, 2026 vs 1.06x a year ago
- Board recommends dividend @500%(₹5/share) for FY26

Consolidated EBITDA for the fourth quarter stood at ₹11,197 crore, up 9% from the same quarter last year. PAT before exceptional items rose to a record ₹5,796 crore in the fourth quarter, up 10% over the prior year period. Reported quarterly Net Profit was ₹2,597 crore compared to ₹5,284 crore in the same quarter last year impacted by the Oswego disruption, partly offset by cost efficiency benefits at Novelis and record quarterly profits by the India business.

India business maintained its outperformance, delivering its highest-ever quarter and full-year revenue, EBITDA and PAT. This performance was driven by favourable macro tailwinds and our strategic focus on resource security, premium product innovation and relentless operational excellence. Novelis recorded a 10% improvement in EBITDA per tonne despite lower volumes amid the Oswego disruption, reflecting disciplined cost optimisation and the benefit of softer scrap prices.

Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said, "Hindalco delivered strong results, led by an outstanding performance by its India business while Novelis remains on track to restart the Oswego plant and commission Bay Minette. Consolidated revenue, EBITDA and PAT before one-time exceptional items reached all-time highs in both Q4 and the full year. Our India business delivered record performance across the Aluminium Upstream, Aluminium Downstream and Copper businesses, with EBITDA at a historic high of ₹22,671 crore for the full year.

Over the last five years, Hindalco India has achieved an EBITDA CAGR of over 32% giving us the confidence to accelerate our expansion projects including doubling capacities in our Copper business, and at Aditya Aluminium.

Our Downstream portfolio continues to scale up the new 170-KTPA flat rolled products facility at Aditya and the Chakan battery enclosure plant, while the battery foil plant at Aditya is commencing supplies to global cell manufacturers. Our copper recycling project is nearing commissioning, and the Inner Grooved Tube (IGT) Plant is progressing well. Novelis demonstrated strong underlying business momentum with adjusted EBITDA at $544 per tonne despite lower volumes.

Our sustainability journey gained global recognition with Hindalco ranking in the top 1% of the S&P Global Sustainability Yearbook 2026 backed by a100 percentile score across all ESG parameters."

Shares of Hindalco Industries Limited was last trading in BSE at Rs. 1109.60 as compared to the previous close of Rs. 1099.00. The total number of shares traded during the day was 122764 in over 5374 trades.

The stock hit an intraday high of Rs. 1115.00 and intraday low of 1093.20. The net turnover during the day was Rs. 135268890.00.

Source : Equity Bulls

Keywords

HindalcoIndustries INE038A01020 Aluminium Novelis Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate