Hindalco Industries achieved historic financial results for the fiscal year 2026, with all-time high consolidated revenue and EBITDA. Despite operational disruptions at Novelis, the company’s Indian operations delivered record-breaking performance across aluminium and copper segments. The company reported a dividend recommendation of 500% (₹5 per share), underscoring robust operational momentum and a strong balance sheet as it continues to execute major capacity expansion projects.
Historic Financial Growth
For the financial year ended March 31, 2026, Hindalco reported a record revenue of ₹2,74,944 crore, representing a 15% increase. Consolidated EBITDA reached an all-time high of ₹38,097 crore. The fourth quarter was particularly strong, with consolidated revenue rising 20% to ₹78,133 crore, while EBITDA rose 9% to ₹11,197 crore compared to the same period last year.
India Business Outperformance
The company’s domestic business served as the primary growth engine, achieving historic highs in revenue, EBITDA, and profit. The Aluminium Upstream segment recorded an EBITDA of ₹18,884 crore for the full year, up 16%. The Copper segment also showed exceptional strength, with quarterly EBITDA rising 48% to ₹907 crore, driven by strong operational performance and higher byproduct realizations.
Novelis Operational Updates
Novelis demonstrated resilience despite Oswego plant disruptions caused by fires, which impacted quarterly PAT. The division achieved an adjusted EBITDA per tonne of $544, a 10% increase due to disciplined cost optimization and favorable scrap prices. The company is actively progressing on its strategic growth projects, with the Bay Minette facility’s cold mill commissioning in March 2026 and hot mill commissioning expected in the second half of the year.
Sustainability and Future Outlook
Hindalco continues to lead in global sustainability, securing a spot in the top 1% of the S&P Global Sustainability Yearbook 2026 with 100th percentile scores in key ESG categories. Looking ahead, the company plans to accelerate expansion projects, including doubling copper business capacity and scaling up downstream facilities like the Aditya FRP plant and battery foil production to meet global demand.
Source: BSE
