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Informist, Wednesday, Aug. 5, 2026

 

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--Hindalco Apr-Jun consol net profit INR 70.13 bln
--Analysts saw Hindalco Apr-Jun consol net profit at INR 58.17 bln
--Hindalco Apr-Jun consol revenue INR 848.25 bln
--Analysts saw Hindalco Apr-Jun consol revenue at INR 889.70 bln
--Hindalco Apr-Jun consol net profit INR 70.13 bln vs INR 40.04 bln yr ago
--Hindalco Apr-Jun consol revenue INR 848.25 bln vs INR 642.32 bln yr ago
--Hindalco Apr-Jun net profit includes one-time cost INR 22.99 bln
--Hindalco Apr-Jun profit before exceptional items, tax INR 116.92 bln
--Hindalco Apr-Jun one-time cost INR 22.99 bln for fire incident at US plant
--Hindalco Q1 consol aluminium upstream sales INR 134.03 bln vs INR 93.31 bln
--Hindalco Q1 consol aluminium downstream sale INR 48.89 bln vs INR 33.53 bln
--Hindalco Q1 consol copper revenue INR 172.32 bln vs INR 148.86 bln yr ago
--Hindalco Apr-Jun consol EBITDA INR 149.89 bln vs INR 86.73 bln yr ago
--Hindalco Apr-Jun copper metal sales 105,000 tn vs 124,000 tn year go
--Hindalco Apr-Jun copper EBITDA INR 9.18 bln vs INR 6.73 bln yr ago
--Hindalco Q1 aluminium upstream shipments 335,000 tn vs 325,000 tn yr ago
--Hindalco Q1 aluminium upstream EBITDA INR 73.9 bln vs INR 40.8 bln yr ago
--Hindalco Q1 aluminium upstream EBITDA/tn $2,331 vs $1,467 year ago
--Hindalco Q1 aluminium downstream shipments 104,000 tn vs 101,000 tn yr ago
--Hindalco Q1 aluminium downstream EBITDA INR 2.98 bln vs INR 2.29 bln yr ago
--Hindalco Q1 aluminium downstream EBITDA/tn $303 vs $264 year ago

 

By Rajesh Gajra and Sunil Raghu

 

MUMBAI/AHMEDABAD – Hindalco Industries Ltd. reported higher-than-expected bottom line growth for the June quarter on the back of strong growth in its US subsidiary Novelis Inc.'s net profit and strong sales growth in Hindalco's India aluminium and copper segments. A surge in aluminium prices during the quarter supported the strong bottom-line performance of the company. The overall revenue growth was, however, below the Street view.

 

Hindalco's consolidated net profit jumped up 75% to INR 70.13 billion, well above analysts' estimate of INR 58.17 billion. The company's consolidated revenue increased 32% to INR 848.25 billion, but it still missed analysts' view of INR 889.70 billion.

 

Wednesday, Hindalco's US subsidiary, Novelis Inc., reported a jump of 71% on year in its consolidated net income for the June quarter to $164 million. Excluding special items, Novelis's net income surged 128% on year to $265 million. Novelis's consolidated net sales increased 23% on year to $5.79 billion for the June quarter. The company's net sales were up despite the rolled products volume declining 5% on year to 916,000 tonnes.

 

The consolidated earnings before interest, tax, depreciation, and amortisation of the company jumped up 73% on year to INR 149.89 billion for the June quarter. Hindalco's India business delivered strong quarterly performance "while Novelis reported improved profitability supported by the successful restart of (the) Oswego (plant) and continued benefits from cost optimisation measures," Satish Pai, managing director, Hindalco, said in an earnings press release.

 

The June quarter revenue of the India aluminium upstream business of Hindalco was up sharply at INR 134.03 billion from INR 93.31 billion. But the segment's shipment volume growth was not high, increasing to 335,000 tonnes from 325,000 tonnes. The segment's EBITDA jumped to INR 73.90 billion in the June quarter from INR 40.80 billion in the year-ago quarter.

 

In the company's India aluminium downstream business, the sales volume growth was weak. The volume was up 3% on year at 104,000 tonnes. But the segment's revenue rose sharply, 46% on year, to INR 48.89 billion. The EBITDA rose 30% to INR 2.98 billion. The company said the performance of the segment was supported by a favourable product mix.

 

The India copper segment of Hindalco reported revenue growth of 16% on year to INR 172.32 billion, but copper metal sales volume fell 16% on year to 105,000 tonnes and copper continuous cast rod sales fell 8% to 96,000 tonnes. The segment's EBITDA jumped to INR 9.18 billion from INR 6.73 billion.

 

The EBITDA per tonne from its aluminium upstream segment improved sharply to $2,331 from $1,467 a year ago, aided by higher aluminium prices and improved profitability. Similarly, the downstream segment's EBITDA per tonne improved to $303 from $264 a year ago, reflecting a favourable product mix.

 

Hindalco's reported consolidated net profit of INR 70.13 billion includes a one-time cost of INR 22.99 billion related to a fire incident at the hot mill in Novelis's plant in Oswego, New York, United States. Before exceptional items and tax, the company's profit for the June quarter stood at INR 116.92 billion.

 

In a separate stock exchange filing, Hindalco said it was expanding capacity at its Kuppam unit at Chittoor, Andhra Pradesh, with an investment of INR 7.68 billion. It proposes to take existing capacity higher by up to 10 kilotonnes per annum from up to 20 kilotonnes per annum currently. The company proposes to add this capacity by FY29 and plans to fund this capacity expansion through internal accruals and debt instruments. The facility's existing capacity utilisation is between 80% and 85%.

 

The company announced its June quarter results during market hours. Its shares fell 1% soon after on the National Stock Exchange but recovered to close over 3% higher from Thursday at INR 1,059.60.  End

 

US$1 = INR 95.20

 

Edited by Rajeev Pai

 

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