Hindalco Q1 profit jumps 30% to INR4,004 crores

Hindalco Industries reported consolidated net profit after tax up 30% to INR4,004 crores for Q1FY26, though consolidated EBITDA remained flat at INR8,539 crores year-on-year.

The India business drove growth with EBITDA up 13% to INR4,982 crores and net profit rising 45% to INR2,847 crores. The downstream aluminum business achieved record performance with EBITDA surging 108% to INR229 crores.

However, Novelis saw quarterly EBITDA fall 17% to $416 million due to elevated scrap prices, while the copper business EBITDA dropped 16% to INR673 crores.