Mumbai, Feb 13: Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, today announced its consolidated financial results for the quarter ended December 31, 2025, demonstrating resilience amid global volatility.
Consolidated EBITDA for Q3FY26 increased 5% year-on-year, while Profit After Tax (before exceptional items) rose 8% compared to the prior-year quarter. Reported Net Profit declined year-on-year, impacted by the Oswego disruption, partly offset by cost efficiencies at Novelis and record performance in the India business.
Revenue from operations grew 14% year-on-year. For the nine months ended December 31, 2025, the Company reported steady growth in revenue and EBITDA compared to the previous year.
Leadership Commentary
Mr. Satish Pai, Managing Director, Hindalco Industries, said:
“Hindalco sustained its growth momentum amid global volatility, led by all-time high performance by its India business. This strength helped offset the impact of tariffs and the Oswego disruption, supported by disciplined cost management and operational efficiencies across segments.
We made strong progress across our downstream portfolio with the commissioning and ramping up of key projects including Aditya FRP, battery foil, AC fin-coating, and Copper tubes, positioning us well for emerging growth opportunities.
We have entered the next phase of growth with a clear roadmap to expand upstream capacities across alumina, aluminium and copper. Aluminium capacity is planned to scale up significantly, alongside a substantial increase in copper smelting capacity. Novelis’ underlying performance remains strong despite short-term capacity constraints from the Oswego disruption. The Bay Minette project, on track for commissioning in the second half of FY27, will be a key growth driver.
Sustainability remains central to our strategy, with Hindalco achieving the highest ESG score in the aluminium industry for the sixth consecutive year in the S&P Global CSA rankings.”
Segment Performance – Q3FY26
Novelis (US GAAP)
Novelis reported revenue growth driven by higher metal prices. Adjusted EBITDA declined marginally due to lower volumes, tariffs, and the Oswego disruption. However, EBITDA per tonne improved year-on-year, reflecting continued focus on cost optimisation and operational excellence.
Cost take-out initiatives are progressing well, with significant savings expected by the end of FY26. The Bay Minette project and other strategic investments are advancing as planned, and the Oswego plant is expected to restart its hot mill in Q1 FY27.
Aluminium – India
Upstream:
- Revenue increased year-on-year
- EBITDA rose 14% driven by higher volumes and realisations
- EBITDA per tonne improved, with strong margins
- Aditya Aluminium smelter expansions remain on track for commissioning in FY29
Downstream:
- Sales volumes grew 9%
- Revenue rose 22%
- Record EBITDA achieved, up 55% on higher shipments and favourable product mix
- EBITDA per tonne increased significantly year-on-year
Copper
- Total metal sales increased marginally year-on-year
- CCR sales declined due to weaker domestic market conditions
- Revenue rose on account of higher copper prices
- EBITDA remained resilient despite declining TC/RCs
- Copper Tubes project progressing towards commissioning
- Copper recycling project construction on schedule
Advancing Sustainably
Hindalco achieved a total score of 89/100 in the S&P Global Corporate Sustainability Assessment (CSA), leading the aluminium industry for the sixth consecutive year. The Company scored 90 in the Environmental dimension, driven by advancements in water stewardship, biodiversity management, and circular economy initiatives.
Key sustainability highlights include expanded rainwater harvesting, large-scale plantation initiatives, and significant waste utilization contributing to natural resource conservation.
Outlook
Backed by record India performance, operational efficiencies, strategic downstream investments, and planned capacity expansions across aluminium and copper, Hindalco remains well positioned to drive long-term growth while maintaining a strong focus on sustainability and value creation.
