Hindalco Reports Record Consolidated Revenue and EBITDA for Q4 and Full Year FY26

Hindalco Reports Record Consolidated Revenue and EBITDA for Q4 and Full Year FY26​

Hindalco Industries Limited, the Aditya Birla Group metals flagship, today reported results for the quarter and year ended March 31, 2026. The company posted its highest-ever consolidated Revenue and EBITDA for both the quarter and the full year, driven by record performance in its India business and a steady recovery at Novelis.

Consolidated EBITDA for the fourth quarter reached ₹11,197 crore, marking a 9% increase from the same quarter last year. Profit Before Tax (PAT) before exceptional items rose to a record ₹5,796 crore in the fourth quarter, up 10% over the prior year period. Quarterly Net Profit was reported at ₹2,597 crore, compared to ₹5,284 crore in the corresponding quarter last year, impacted by the Oswego disruption.

Over the full fiscal year (FY26), the company recorded a revenue of ₹2,74,944 crore, up 15%. Consolidated EBITDA hit an all-time high of ₹38,097 crore, with Consolidated PAT before exceptional items reaching ₹18,733 crore, up 10%.

Quarterly and Annual Financial Highlights​

The company's India business maintained its strong outperformance, delivering record quarterly and full-year revenue, EBITDA, and PAT. This robust performance was attributed to favourable macro tailwinds and the strategic focus on resource security and premium product innovation.

Novelis demonstrated improvement in EBITDA per tonne, achieving an Adjusted EBITDA of $544 per tonne in Q4 FY26, marking a 10% improvement despite lower volumes amid the Oswego disruption. Furthermore, the Bay Minette cold mill began commissioning in March, and the Oswego plant is expected to restart in the coming weeks.

Segment Performance Details​

Aluminium Upstream (India)​

The Aluminium Upstream segment reported a quarterly revenue of ₹11,418 crore, a 11% increase. Quarterly Upstream EBITDA reached a record ₹5,448 crore, up 13%, driven by favourable macroeconomic conditions and stronger operational performance. The all-time high quarterly Aluminium Upstream EBITDA per tonne was recorded at $1,756.

Aluminium Downstream​

The Downstream revenue stood at ₹4,867 crore, marking a 35% increase, with sales of Aluminium Downstream at 124 KT, an 18% rise. Quarterly Aluminium Downstream EBITDA was at an all-time high of ₹255 crore, up 16%, supported by a favourable product mix. The Aditya Battery foil facility is now commissioned, and the Coated AC Fins facility has begun commissioning.

Copper (India)​

The Copper segment saw revenue of ₹22,156 crore, up 52%, while Copper metal sales were 128 KT, down 5%. The record quarterly EBITDA was ₹907 crore, maintaining strong operational performance despite declines in TCu and RCu.

Novelis​

Novelis reported revenue of $4.787 billion, up 4%, driven by higher metal prices. Adjusted EBITDA was $459 million, down 3%, due to lower volumes and the impact of tariffs and Oswego disruptions. The segment exited FY26 with cost take-out savings of more than $125 million.

Corporate and Governance Updates​

During the call, Mr. Satish Pai, Managing Director, Hindalco Industries, noted that the India business delivered a record performance across the Aluminium Upstream, Aluminium Downstream, and Copper businesses, with EBITDA reaching a historic high of ₹22,671 crore for the full year.

On the governance front, Hindalco has been recognized among India's Top 10 Best Workplaces in Health and Wellness by Great Place to Work and secured the AmbitionBox Employee Choice Awards (Large Companies) for the fourth time. Furthermore, Hindalco ranked in the top 1% of the global Aluminium industry in the S&P Global Sustainability Yearbook 2026, marking a significant milestone for the company’s ESG leadership.

HINDALCO Stock Price Movement​

Hindalco Industries Limited shares settled today, gaining 0.98% to close at ₹1109.2. The stock traded on robust volume of 4.14 million shares, finishing just ₹5 away from its 52-week high of ₹1115.