Hindalco Q3 FY26 EBITDA Rises 5% to Rs 85.43 Bn Amid Volatility

13 Feb 2026 CW Team

Profit after tax (PAT) before exceptional items rose 8 per cent year-on-year to Rs 40.51 billion. However, reported net profit declined to Rs 20.49 billion from Rs 37.35 billion in the same quarter last year, primarily due to the Oswego disruption. The impact was partially offset by cost efficiency measures at Novelis and record profitability from the India operations.

Revenue from operations for Q3 FY26 stood at Rs 665.21 billion, reflecting a 14 per cent year-on-year growth. EBITDA for the nine months of FY26 reached Rs 269 billion, while profit after tax for the period remained largely stable at Rs 107.94 billion.

The company’s India business continued to deliver strong results, driven by favourable macroeconomic conditions, focus on resource security, new product development, and operational efficiencies. Novelis recorded a 6 per cent improvement in EBITDA per tonne despite lower volumes, reflecting continued emphasis on cost optimisation and operational excellence.

Commenting on the performance, 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 with aluminium capacity planned to scale up from 1.3 million tonnes to 1.7 million tonnes, and copper smelting capacity from 400 KT to 700 KT. Novelis’ underlying performance remains strong despite short-term capacity constraints from the Oswego disruption. The 600 KT 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."

The company also reported strong progress on sustainability, achieving a score of 89 out of 100 in the S&P Global Corporate Sustainability Assessment rankings, maintaining its top position in the aluminium industry for the sixth consecutive year, reflecting advancements in environmental, social and governance performance.

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Hindalco Industries, the metals flagship of the Aditya Birla Group, reported consolidated EBITDA of Rs 85.43 billion for the quarter ended December 31, 2025, marking a 5 per cent year-on-year increase, supported by strong performance in its India business and cost efficiencies across operations.Profit after tax (PAT) before exceptional items rose 8 per cent year-on-year to Rs 40.51 billion. However, reported net profit declined to Rs 20.49 billion from Rs 37.35 billion in the same quarter last year, primarily due to the Oswego disruption. The impact was partially offset by cost efficiency measures at Novelis and record profitability from the India operations.Revenue from operations for Q3 FY26 stood at Rs 665.21 billion, reflecting a 14 per cent year-on-year growth. EBITDA for the nine months of FY26 reached Rs 269 billion, while profit after tax for the period remained largely stable at Rs 107.94 billion.The company’s India business continued to deliver strong results, driven by favourable macroeconomic conditions, focus on resource security, new product development, and operational efficiencies. Novelis recorded a 6 per cent improvement in EBITDA per tonne despite lower volumes, reflecting continued emphasis on cost optimisation and operational excellence.Commenting on the performance, 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 with aluminium capacity planned to scale up from 1.3 million tonnes to 1.7 million tonnes, and copper smelting capacity from 400 KT to 700 KT. Novelis’ underlying performance remains strong despite short-term capacity constraints from the Oswego disruption. The 600 KT 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.The company also reported strong progress on sustainability, achieving a score of 89 out of 100 in the S&P Global Corporate Sustainability Assessment rankings, maintaining its top position in the aluminium industry for the sixth consecutive year, reflecting advancements in environmental, social and governance performance.

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