Hindalco Industries (HINDALCO) Q4 24/25 earnings summary

Executive summary

• Achieved record consolidated EBITDA of INR 9,774 crore, up 24% year-on-year, and net profit of INR 5,284 crore, with strong Indian upstream and downstream aluminum performance; Novelis achieved record beverage can shipments despite margin pressure from higher scrap prices and costs.

• Major expansion projects, including Bay Minette and Aditya FRP, are progressing on schedule, with strategic capital investments supporting long-term growth.

• Commissioned advanced recycling centers in the U.S. and Korea, boosting recycled content and sustainability; recognized as world’s most sustainable aluminum company for fifth consecutive year.

• Board approved audited standalone and consolidated financial results for FY25, with a recommended final dividend of ₹5 per share, subject to shareholder approval.

• Acquisition of Bandha coal mine and 100% equity stake in EMIL Mines and Mineral Resources Limited to secure long-term resource supply, pending approvals.

Financial highlights

• Consolidated revenue from operations for FY25 was ₹238,496 crore, up from ₹215,962 crore in FY24; consolidated net profit attributable to owners was ₹16,001 crore, up from ₹10,155 crore.

• Consolidated EBITDA up 24% year-on-year to INR 9,774 crore; net profit up 66% to INR 5,284 crore for Q4 FY25.

• Novelis EBITDA at $473 million for Q4 FY25, down 8% year-on-year; EBITDA per ton at $494, down 9% year-on-year.

• Indian business EBITDA up 56% year-on-year to INR 5,671 crore; net profit up 63% to INR 3,208 crore.

• Basic EPS (consolidated) for FY25 was ₹72.05, compared to ₹45.71 in FY24.

Outlook and guidance

• Downstream EBITDA expected to steadily increase, targeting $250–$300 per ton in FY26.

• FY26 capital expenditures expected between $1.9B and $2.2B, with major projects like Bay Minette on track.

• Copper segment guided at INR 600 crore quarterly EBITDA, reflecting new TCRC benchmarks.

• Board recommended a final dividend of ₹5 per share for FY25, subject to shareholder approval.

• Alumina sales expected at 700–800 KT in FY26; prices assumed between $350–$400 per ton.