ALFA Finder| Revenue growth | India Upstream revenue up 11% YoY; Novelis shipments down 4% due to fire. |
|---|---|
| Margins | India margins resilient at 48%; Novelis structural cost reduction program accelerating. |
| Demand visibility | Strong domestic demand in automotive, electrical, and packaging sectors. |
| Management confidence | Balanced; optimistic on long-term structural cost reductions and India demand. |
Growth
India business EBITDA rose 17% YoY. Novelis maintained EBITDA/ton near $500 despite fire-related volume losses and adverse tariff impacts.
Outlook
Targeting $600/ton Novelis EBITDA and doubling India upstream capacity. FY27 India capex set at ₹12,000 Cr.
Risks
Novelis fire recovery timing and higher input costs (furnace oil) in India pose margin pressures. High debt levels from massive capex.
Last quarter's promises, checked
Delivered
- Guided FY26 exit savings $125M → delivered $200M (= BEAT)
- Guided Net Debt/EBITDA < 2x → delivered 1.83x (= BEAT)
- Guided India Upstream EBITDA/ton 1st decile → delivered 48% margin (= BEAT)
Partly delivered
- Guided Novelis EBITDA/ton $600 → delivered $543 (= PARTIAL)
- Guided Copper EBITDA ₹600Cr → delivered ₹907Cr (= BEAT)
Missed
- Guided Novelis shipments 957 KT → delivered 917 KT (= MISS)
Earnings Call Transcript filed with NSE, NSE: HINDALCO. Summary written with AI assistance from 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.
More from Hindalco Industries Ltd
All →Hindalco Industries Earnings Call Transcript: Key Takeaways
Consolidated EBITDA ₹13,869 Cr (+52%) and PAT ₹7,534 Cr (+59%) led by India aluminium; copper includes ~₹350-400 Cr one-offs.
Hindalco Industries Q2 FY27 Results: Net Profit ₹7,533 Cr, Up 58.9% YoY
Hindalco Industries Ltd reported revenue from operations of ₹91,708 Cr (+38.8% YoY) and net profit of ₹7,533 Cr (+58.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹7,533 Cr · +58.9% YoY
Hindalco Industries Results Update
Hindalco filed Novelis's Q2 FY27 news release and earnings presentation, released on the subsidiary's website. The release highlights net sales up 25% year-on-year.
Hindalco Industries Other Announcement
SES ESG Research assigned Hindalco an ESG rating of 68. The company clarified it did not engage the rating agency; the report was independently prepared.
Hindalco Industries Other Announcement
NSE Sustainability Ratings & Analytics Limited has assigned an ESG rating of 68 to Hindalco Industries Ltd, based on independently prepared information.
Hindalco Industries Merger & Restructuring
Hindalco Industries Ltd has terminated the Equity Purchase Agreement for the acquisition of AluChem Companies, Inc. due to extended closure delays.