Hindalco Industries announced its Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Growth momentum was sustained, driven by record performance in the India business, which achieved an all-time high PAT of ₹3,581 crore, up 24%. Consolidated Revenue rose 14% YoY to ₹66,521 crore, although reported consolidated PAT stood at ₹2,049 crore, impacted by the Oswego disruption.
Hindalco Reports Q3 FY26 Financial Performance
Hindalco Industries, the Aditya Birla Group metals flagship, announced its financial results for the quarter ended December 31, 2025 (Q3 FY26). The company sustained strong growth, primarily led by its India business operations.
Key Consolidated Financial Highlights (Q3 FY26)
- Consolidated Revenue from Operations: ₹66,521 crore, marking a 14% growth Year-over-Year (YoY).
- Consolidated EBITDA: Stood at ₹8,543 crore, a 5% increase YoY.
- Consolidated PAT (Reported): Registered at ₹2,049 crore, down 45% YoY, primarily impacted by the Oswego disruption.
- Consolidated PAT before Exceptional Items: Increased by 8% to ₹4,051 crore.
- Basic EPS: Reported at ₹9.23, a 45% decrease YoY.
For the nine months ended December 31, 2025, Consolidated Revenue reached ₹196,811 crore (up 13% YoY), and Consolidated EBITDA was ₹26,900 crore (up 7% YoY).
India Business Achieves Record Performance
Mr. Satish Pai, Managing Director, noted that the all-time high performance by the India business helped offset global volatility, tariffs, and operational disruptions.
India Business Highlights
- India Business PAT: Reached an all-time high of ₹3,581 crore, growing by 24%.
- Aluminium Upstream Quarterly EBITDA: Increased by 14% to ₹4,832 crore, driven by higher volumes and realisations.
- Aluminium Downstream Quarterly EBITDA: Grew by 55% to ₹233 crore, fueled by record shipments and a favorable product mix.
Novelis Performance Amid Challenges
Novelis experienced short-term capacity constraints due to the Oswego disruption. Despite this, the business focused on cost optimization.
- Novelis Revenue: At $4.2 billion, up 3%, primarily due to higher metal prices.
- Novelis Adjusted EBITDA: Stood at $348 million, down 5% due to lower volumes and the Oswego impact.
- EBITDA per tonne (Novelis): Showed resilience, improving by 6% despite volume pressures. The Oswego plant expects to restart its hot mill in Q1 FY27.
Copper Segment Update
The Copper segment saw higher revenue driven by increased prices, though EBITDA was managed amidst market changes.
- Total Metal Sales (Copper): 122 KT, a 1% increase, though CCR sales were down 14%.
- Revenue: Reached ₹18,233 crore, up 33%, largely due to higher copper prices.
- EBITDA: Maintained at ₹595 crore despite declining TC/RCs market conditions.
- The Copper Tubes project is progressing towards commissioning.
Strategic Outlook and Sustainability Leadership
Hindalco has laid out a clear roadmap for upstream capacity expansion, targeting aluminium capacity to scale from 1.3 million tonnes to 1.7 million tonnes, and copper smelting capacity from 400 KT to 700 KT. The 600 KT Bay Minette project is on track for commissioning in the second half of FY27.
In sustainability, Hindalco maintained its leadership, achieving the highest ESG score in the aluminium industry for the sixth consecutive year in the S&P Global CSA rankings, scoring 89/100 overall.
Source: BSE
