Hindalco Industries (HINDALCO) Q3 24/25 earnings summary

Executive summary

• Achieved top 1% ranking in S&P Global Sustainability Yearbook 2025, highest ESG score in aluminum sector.

• 79% of total waste recycled/reused in first nine months; six units now zero waste-to-landfill certified.

• Biodiversity plans at 22 locations; 5.4 million trees planted.

• Renewable energy capacity at 189 MW, targeting 300 MW by H1 2025.

• Board approved unaudited financial results for Q3 and nine months ended Dec 31, 2024; CFO transition announced.

Financial highlights

• Q3 FY25 consolidated revenue: ₹58,390 crore (+11% YoY); EBITDA: ₹8,108 crore (+28% YoY); PAT: ₹3,735 crore (+60% YoY).

• India business EBITDA up 69% YoY at ₹4,773 crore; net profit up 134% YoY at ₹2,885 crore.

• Novelis Q3 FY25 revenue: $4.1 billion (+4% YoY); adjusted EBITDA: $367 million (-19% YoY); net income: $110 million (-9% YoY).

• Copper EBITDA up 18% YoY to ₹777 crore; revenue up 15% YoY to ₹13,732 crore.

• Basic EPS for Q3 FY25 at ₹16.82, up from ₹10.50 in Q3 FY24.

Outlook and guidance

• Indian copper EBITDA expected at ₹600 crore per quarter in FY 2026 due to lower TC/RCs.

• Downstream aluminum EBITDA per ton expected to reach $200+ in Q4 and next year.

• Coal cost expected to drop by up to 30% once Meenakshi mine is operational in two years.

• CapEx in India to be ₹8,000 crore in FY 2026, peaking in FY 2027-28.

• Novelis CapEx to average $2 billion/year over FY 2025-27, totaling $6 billion.