Hindalco Industries (HINDALCO) Q4 25/26 earnings summary

Executive summary

• Achieved top 1% S&P Global ESG Score in aluminum industry and 100 percentile in key ESG areas, with LTIFR at 0.22–0.23 and over 0.6 million safety interventions in FY26.

• 88% of waste recycled/reused; significant progress in water efficiency, biodiversity, and renewable energy, with 470 MW capacity operational and target of 523 MW by Q1 FY27.

• Aluminum GHG footprint at lowest level (19.2 tCO2/t), reflecting structural decarbonization and stable emissions.

• Recognized with multiple awards for workplace, energy efficiency, and sustainability.

• Audited standalone and consolidated FY26 results approved with unmodified audit opinions; final dividend of ₹5 per share recommended.

Financial highlights

• Q4 FY26 consolidated revenue rose 20% YoY to ₹78,133 crore; EBITDA up 11% to ₹10,812 crore; FY26 consolidated revenue grew 15% YoY to ₹2,74,944 crore; EBITDA up 6% to ₹37,217 crore.

• Q4 FY26 PAT at ₹2,597 crore, down 51% YoY due to exceptional items (Oswego fire); PAT before exceptionals up 10% YoY.

• India business Q4 FY26 revenue up 34% YoY; EBITDA up 13% YoY; PAT up 11% YoY.

• Copper EBITDA at record INR 907 crore, up 48% YoY; Novelis adjusted EBITDA at $498 million ($543/ton), down 4% YoY due to Oswego fire.

• Standalone FY26 revenue at ₹112,553 crore, net profit at ₹10,080 crore; consolidated net profit attributable to owners at ₹13,391 crore, down from ₹16,001 crore YoY.

Outlook and guidance

• Novelis maintains long-term EBITDA/ton guidance of $600+; Bay Minette facility to be completed this year, with start-up costs impacting EBITDA comparability.

• India business to double upstream capacities and scale downstream/recycling projects by FY30; captive coal mines to reduce costs from FY28.

• Copper business guidance at INR 600 crore EBITDA/quarter, with Q1 expected to remain elevated due to high sulfuric acid prices.

• Group monitoring regulatory changes, including Labour Codes.