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Informist, Thursday, Feb. 12, 2026

 

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--Hindalco Oct-Dec consol net profit INR 20.49 bln 
--Analysts saw Hindalco Oct-Dec consol net profit at INR 42.45 bln 
--Hindalco Oct-Dec consol revenue INR 665.21 bln 
--Hindalco Oct-Dec net profit includes one-time cost of INR 26.10 bln 
--Hindalco Apr-Dec consol net profit INR 107.94 bln vs INR 107.18 bln yr ago 
--Hindalco Apr-Dec consol revenue INR 1.97 tln vs INR 1.74 tln yr ago 
--Hindalco Oct-Dec one-time cost INR 26.10 bln due to fire at Oswego plant 
--Hindalco Q3 consol copper revenue INR 182.33 bln vs INR 137.32 bln yr ago 
--Hindalco Q3 consol aluminium upstream sales INR 106.20 bln vs INR 99.93 bln 
--Hindalco Q3 consol aluminium downstream sales INR 39.09 bln vs INR 31.95 bln 
--Hindalco Oct-Dec consol EBITDA INR 85.43 bln vs INR 81.08 bln yr ago 
--Hindalco Q3 aluminium upstream volume 345,000 tn vs 338,000 tn yr ago 
--Hindalco Q3 aluminium upstream EBITDA INR 48.32 bln vs INR 42.22 bln 
--Hindalco Q3 aluminium upstream EBITDA up 14% on yr 
--Hindalco Q3 aluminium upstream EBITDA/tn $1,572 vs $1,480 yr ago 
--Hindalco Q3 aluminium downstream volume 108,000 tn, up 9% on yr 
--Hindalco Oct-Dec profit excluding exceptional cost is INR 46.59 bln 
--Hindalco Q3 aluminium downstream EBITDA INR 2.33 bln, up 55% on yr 
--Hindalco Oct-Dec consol net profit INR 20.49 bln vs INR 37.35 bln yr ago 
--Hindalco Oct-Dec consol revenue INR 665.21 bln vs INR 583.90 bln yr ago 
--Hindalco Q3 aluminium upstream EBITDA driven by higher volumes, realisations 
--Hindalco Q3 aluminium downstream EBITDA/tn $241, up 35% on year 
--Hindalco Q3 aluminium downstream EBITDA driven by higher shipments, pdt mix 
--Hindalco Oct-Dec copper metal sales 122,000 tn vs 120,000 tn year ago 
--Hindalco Oct-Dec copper EBITDA INR 5.95 bln vs INR 7.77 bln yr ago 
--Analysts saw Hindalco Oct-Dec consol revenue at INR 659.65 bln 
--Hindalco consol gross debt INR 856 bln on Dec 31 vs INR 637 bln yr ago 
--Hindalco consol net debt INR 594.61 bln on Dec 31 vs INR 418.18 bln yr ago 
--Hindalco Q3 India business revenue INR 298.58 bln vs INR 246.18 bln yr ago 
--Hindalco Q3 India ops EBITDA INR 54.90 bln vs INR 47.73 bln yr ago 
 

 

By Pallavi Singhal

 

NEW DELHI – Hindalco Industries Ltd.'s consolidated net profit for the December quarter fell sharply year on year due to a one-time charge related to the fire at its US subsidiary Novelis Inc.'s plant in Oswego, even as its India business delivered a resilient performance on the operating front.

 

The Aditya Birla Group's flagship metals company reported a consolidated net profit of INR 20.49 billion for December quarter, down 45% on year from INR 37.35 billion. The profit was also well below analysts' expectation of INR 42.45 billion.

 

Excluding the one-time cost of INR 26.10 billion due to the fire at the Oswego plant in New York, the consolidated net profit of the company would be INR 46.59 billion, comfortably above the Street' estimate.

 

The consolidated revenue from operations rose nearly 14% to INR 665.21 billion from INR 583.90 billion a year ago, and exceeded analysts' expectations of INR 659.65 billion.

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation rose 6% to INR 85.43 billion from INR 81.08 billion in the year-ago quarter, supported by strong India operations and favourable aluminium macros. However, margin expansion was tempered by weakness at Novelis following the fire and tariff-related headwinds, the company said in its investor presentation.

 

Novelis, which accounts for about 60% of the company's total sales, reported a consolidated net loss of $160 million for the December quarter, against a net profit of $110 million a year ago. The loss was primarily on account of pre-tax net losses of $327 million linked to the Oswego plant fire and unrealised derivative losses, as detailed in the investor presentation.

 

The Oswego aluminium plant suffered damages to the tune of $21 million following the fire in September, and the company indicated that the disruption would have a short-term negative impact on operating profit from the December quarter. For the financial year 2025-26 (Apr–Mar), Hindalco has pegged the impact from the incident on Novelis' adjusted EBITDA at $100 million to $150 million, while free cash flow could be adversely affected by $550 million to $650 million.

 

Novelis' adjusted EBITDA for the quarter stood at $348 million, down over 5% on year, while EBITDA per tonne rose 6% on year to $430. Excluding the impact of tariffs and the Oswego fire, the adjusted EBITDA per tonne would have been $495, the company said in the presentation. It added that the Oswego hot mill is expected to restart in the Apr-Jun quarter of FY27, while the 600-kilo-tonne Bay Minette expansion remains on track for commissioning in the second half of calendar year 2026.

 

Meanwhile, Hindalco's India operations delivered a strong performance during the December quarter, partially offsetting the weakness at Novelis. The India business revenue was INR 298.58 billion, up over 21% on year, while EBITDA increased around 15% on year to INR 54.90 billion.

 

"Hindalco sustained its growth momentum amid global volatility, led by all-time high performance by its India business. This strength helped offset the impact of tariffs and the Oswego disruption, supported by disciplined cost management and operational efficiencies across segments," Satish Pai, managing director of Hindalco, said in a press release.

 

ALUMINIUM UPSTREAM SEGMENT

The company's aluminium upstream segment clocked sales of INR 106.20 billion in the December quarter, up 6.3% from a year ago. Volumes rose over 2% on year to 345,000 tonnes. The segment's EBITDA increased 14% on year to INR 48.32 billion, driven by higher volumes and improved realisations.

 

The EBITDA per tonne rose over 6% year on year to $1,572 in the reporting quarter, with the company noting that its upstream margins remained among the strongest in the industry and that costs continued to rank in the first decile of the global cost curve.

 

"We have entered the next phase of growth with a clear roadmap to expand upstream capacities across alumina, aluminium and copper with aluminium capacity planned to scale up from 1.3 million tonnes to 1.7 million tonnes, and copper smelting capacity from 400 kilo tonnes to 700 kilo tonnes," Pai said.

 

ALUMINIUM DOWNSTREAM

The company's aluminium downstream sales rose to INR 39.09 billion from INR 31.95 billion a year ago. Volumes increased 9% on year to 108,000 tonnes, in line with growth in domestic demand. Segment EBITDA surged 55% on year to INR 2.33 billion, driven by higher shipments and an improved product mix. EBITDA per tonne increased 35% on year to $241, reflecting better realisations.

 

The company said that extrusion volumes increased 29% on year, supported by strong market demand, while flat rolled product volumes rose 6% following the ramp-up at the Aditya FRP facility.

 

"We made strong progress across our downstream portfolio with the commissioning and ramping up of key projects including Aditya FRP, battery foil, AC fin-coating, and Copper tubes, positioning us well for emerging growth opportunities," Pai said.

 

Hindalco reported an over 33% on-year rise in its copper revenue to INR 182.33 billion for the December quarter, while its volumes rose to 122,000 tonnes from 120,000 tonnes a year earlier. However, segment EBITDA fell 23% to INR 5.95 billion from the corresponding quarter of the previous year, as lower treatment and refining charges and changes in concentrate mix weighed on margins.

 

Hindalco's total expenses for the December quarter rose around 15% on year to INR 616.28 billion, broadly in line with revenue growth, reflecting higher input costs amid elevated metal prices. The company's largest cost component--cost of materials consumed--surged 37% on year to INR 474.55 billion. Purchase of goods jumped up almost three times to INR 4.3 billion, from INR 1.5 billion in the corresponding quarter last year.

 

For the nine months ended Dec. 31, Hindalco reported a consolidated net profit of INR 107.94 billion, only marginally higher than INR 107.18 billion a year ago. Revenue from operations during Apr–Dec were up 13% on year at INR 1.97 trillion.

 

Hindalco's consolidated gross debt increased to INR 856.39 billion as of Dec. 31, from INR 636.96 billion a year ago. The company's net debt rose to INR 594.61 billion from INR 418.18 billion.

 

On Thursday, shares of Hindalco closed at INR 964.40 on the National Stock Exchange, down 0.2% from the previous session. The company announced its earnings after market hours.  End  

 

US$1 = INR 90.59

 

Edited by Ashish Shirke

 

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