Available company data, source links and archived checks for Hindalco Industries Ltd.. Read each source and date: a past check is not a fresh review, and some earlier figures have incomplete source details.
Quarter ended 2026-06-30 · consolidated · Company filing
| Quarter | Revenue / income | YoY | Profit | YoY | Net margin | Source |
|---|---|---|---|---|---|---|
| Jun 2026 | Revenue: ₹84,825 cr | +32.1% | Net profit: ₹7,013 cr | +75.1% | 8.3% | Company filing source |
| Mar 2026 | Revenue: ₹78,133 cr | +20.4% | Net profit: ₹2,597 cr | -50.9% | 3.3% | Company filing source |
| Dec 2025 | Revenue: ₹66,521 cr | — | Net profit: ₹2,049 cr | — | 3.1% | Company filing source |
| Sep 2025 | Revenue: ₹66,058 cr | — | Net profit: ₹4,741 cr | — | 7.2% | Company filing source |
| Jun 2025 | Revenue: ₹64,232 cr | +12.7% | Net profit: ₹4,004 cr | +30.3% | 6.2% | Company filing source |
| Mar 2025 | Revenue: ₹64,890 cr | — | Net profit: ₹5,284 cr | — | 8.1% | Company filing source |
YoY means change from the same quarter a year earlier. — means no comparable figure is available. Older entries with incomplete source details have not been revalidated under the current checks.
A precipitated hydrate facility was commissioned and awaits customer approvals.
ADITYA BIRLA
HINDALCO
Adjusted EBITDA for the quarter stood at $498 million or $543 per ton, reflecting a 5% yearon-year. This excludes the impact of $53 million related to Oswego fire and $27 million from tariffs, partially offset by $41 million positive from the Sierre flood insurance recoveries.
Back in April 2025, we set an FY26 exit savings run rate target of $75 million, which we raised last quarter to $125 million. With another quarter of solid execution behind us, that run rate is now $200 million as we accelerate all cost efficiency initiatives. Looking ahead, we remain committed to our 3-year goal of permanently reducing our cost structure by $350 million to $400 million by FY28 exit.
ADITYA BIRLA
HINDALCO
Moving to the industry outlook on Slide 13 to 15. On Slide 13, you can see that the aluminium prices have continued to strengthen during the quarter, supported by steady demand across key end use segments such as packaging, electrical, machinery and transportation. On the supply side, the conflict in West Asia, which has led to one of the most significant supply disruptions in the aluminium market. This is expected to tighten availability, particularly through Q2 and Q3 of calendar year '26. As a result, the market has moved from an earlier expectation of 0.3 million tons deficit to 1.5 million tons deficit for calendar year '26, which should support prices and drive visible inventory drawdowns.
At the same time, we do expect a supply response to higher prices, including restarts in Europe and West Asia along with faster ramp-ups in Indonesia and Southeast Asia, which should help rebalance the market over the medium term.
ADITYA BIRLA
HINDALCO
| Sumangal Nevatia: | And the currency is full India level or only aluminium? |
|---|---|
| Satish Pai: | No, it's at the India level because it's a Rupee. But it's with the hedge accounting, it will be towards the aluminium sales. It won't be applied towards copper. |
| Sumangal Nevatia: | Okay, alright. Okay, that's clear. On overall, on the cost, can we share what is our outlook on the aluminium cost of production going up or down in the coming quarters? And with respect to the coal mines, given now we are very close to commissioning, is it possible to share what sort of volumes we are expecting in FY27, FY28 from captive coal? |
| Satish Pai: | So on the cost first. In Q4, the costs were up 2.5%, 2.4% versus Q3. And in Q4, we were just starting to see the impact of the war. So I think in Q1, we are anticipating a 5% increase over Q4, and the majority is driven by furnace oil. Furnace oil prices have really gone up high, followed by CP coke and pitch, but furnace oil being the biggest one. The coal prices are more or less still under control. So we think that Q1, we are going to see about a 5% inflation in cost versus Q4. On the coal mines, we did the box cut of Bandha, but it's |
| Sumangal Nevatia: | a very high strip ratio, so you're going to see first coal only in FY28. Chakla, we are expecting to box cut in the next 2 months and the first coal may start to come from Q4 itself. So that's the plan on the mines. Okay. So '27 also given it is back ended, very minimal incremental volumes from captive coal, right? |
| Satish Pai: | That's correct. You're going to see meaningful coal starting to come in only in FY28. And that too Chakla will be the main one because Bandha has a high box, high strip ratio. It will take us a while to ramp up the production there. |
| Sumangal Nevatia: | Okay. And just one last question. For the Aditya Refinery, which is coming up, is the margins completely linked to the index alumina prices? And at the current spot levels around $300, what sort of margins do we expect from a thumb |
| Satish Pai: | rule perspective from specialty alumina? No, it's nothing to do with the specialty alumina business, there are two bits of it. Some part of it is linked to the index, some part, which is especially the very high value-added VAPs are not linked to it at all. |
| Moderator: | So, in our specialty business, probably roughly 50% is index-linked and 50% is value-added, which is not linked to the index. So as the precipitated hybrid project comes in and other, slowly, our plan is to move the specialty business completely away from the index-linked business. The next question comes from the line of Pinakin with HSBC. |
| Pinakin: | |
| So, my first question is the copper EBITDA rose sharply Q-on-Q, and you highlighted higher sulfuric acid prices. So just wanted to understand the sulfuric acid prices have gone parabolic. So, does Q4 reflect the entire surge in sulfuric acid realizations? Or should more of it come through over the next 2 quarters? |
ADITYA BIRLA
HINDALCO
| Tushar Chaudhari: | Congratulations on good set of numbers, sir. Sir, can you give us some detailed update on our mitigation efforts for scrap sourcing, which we discussed last year, for example, diversion of landfilling scrap. Do we get any approvals on it? Has it started? Some details will be helpful. |
|---|---|
| Satish Pai: | Steve? |
| Dev Ahuja: | I'll take that. |
| Satish Pai: | Dev, okay. |
| Dev Ahuja: | I'll take that. Okay. So, we are working on a number of fronts, as we have been saying to diversify scrap sources. So, to some of the things about landfill, no, we don't need any approvals. Here, it is more about working with the municipal recycling facilities, putting in technology and extracting UBCs or scrap that would otherwise go into landfill. |
| So, this is not like a few months' initiative. This is an initiative that we have started to pilot, and then over time, we will expand it to a larger number of these facilities. But the main thing, which is actually very exciting, and that is what we should be really feeling very good and positive about is that we will have a lot more scrap inputs coming from end-of-life automotive where we already have a partner who has brought in the technology for scrap sortation. | |
| As we speak, the aluminum intensive vehicles, which have been produced over the last about 15 years, will start more and more to reach scrap yards. And that is where we are creating a supply chain to be able to get very valuable end-of-life scrap for automotive, and that will have a very positive impact on the margin. It is part of the strategy that will give us access to over $600 per ton of EBITDA. On the other side, our initiatives are focused on more diversified scrap versus overdependence | |
| Tushar Chaudhari: | on UBCs. So basically, we want to really get into more scrap types. So, there's a pretty comprehensive slew of initiatives on all the matters that I just mentioned, and we are expecting to get positive results from that over time in short. Understood. And sir, on domestic, can you give some more details on the smaller projects which we are doing on copper side. So, we are around spending around INR5,000-odd crores like battery grade copper foil, e-waste IGT. So, any EBITDA potential at full ramp-up will be helpful. |
| Satish Pai: | So, one by one. Copper inner grooved tubes project is undergoing qualification with customers today. So that's 35 KT of copper tube that will go for air condition manufacturing. 50 KT recycling Pakhajan plant will commission in August. So once that is commissioned, we are going to process copper, then e-waste scrap to get 50 KT of copper. |
| So, these are the two projects that are in the immediate horizon that are going to immediately impact the copper performance over the next year. The copper smelter will be a few years out. We are just starting that, that will take 3 years. | |
| Tushar Chaudhari: | And the battery grade copper foil is FY28, which we had given earlier? |
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