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Earnings Call

Hindalco Industries Earnings Call: Key Takeaways

Hindalco's Q3FY26 consolidated EBITDA rose 6% YoY to ₹8,762 crores. Reported PAT fell 45% due to Oswego plant fire impacts, but adjusted PAT grew 8% YoY.

Highlights
Revenue growthIndia Upstream revenue up 6% YoY.
MarginsUpstream aluminum EBITDA margins at 45%; Novelis cost reduction on track.
Demand visibilityStrong Indian aluminum demand (9% growth); resilient domestic copper demand.
Management confidenceConfident in 2.0x leverage target and Q4 copper strength.

Growth

India Upstream EBITDA up 14% YoY; Downstream EBITDA up 55%. Novelis shipments declined 3% due to Oswego fire.

Outlook

Consolidated net debt to EBITDA target below 2x; Bay Minette facility completion in FY26; ₹10k-12k crore India capex.

Risks

Oswego plant fire impacts on volumes/EBITDA; rising CP Coke prices; high LME prices impacting working capital.

Source

Earnings Call filed with NSE, NSE: HINDALCO. Summary written with AI assistance from the document.

Read the document ↗

Hindalco Industries Ltd: key numbers

Share price
₹962.30
Market cap
₹2,16,251 Cr
Revenue (annual)
₹2,74,944 Cr
Net profit (annual)
₹13,391 Cr
P/E (TTM)
11.3×Sector 17.1×
Promoter holding
34.66%+0.00% QoQ
FII holding
30.17%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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