Hindalco reports strong Q2 FY26 results with double-digit profit growth

Hindalco Industries Limited's board of directors approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. The company reported consolidated revenue of ₹66,058 crore for Q2 FY26, a 13% increase year-over-year, with consolidated Profit After Tax (PAT) rising 21% to ₹4,741 crore. Consolidated EBITDA for the quarter stood at ₹9,684 crore, up 6% from the prior year.

The strong performance was primarily driven by the India business, with Aluminium Upstream EBITDA increasing 22% to ₹4,524 crore, achieving industry-best margins of 45%. Aluminium Downstream recorded a record EBITDA of ₹261 crore, up 69% quarter-over-quarter, supported by higher shipments and a favorable product mix. Copper EBITDA was ₹634 crore, in line with guidance. Novelis shipments remained flat at 941 KT, with revenue at $4.7 billion, up 10%, despite a 9% decline in adjusted EBITDA to $422 million due to tariff impacts.

The company is progressing with strategic projects, including a 193 KT expansion of Aditya Aluminium Phase 2, estimated at ₹10,225 crore, and is advancing its copper tubes and recycling projects. Novelis plans to restart its Oswego hot mill in December 2025, targeting over $125 million in run-rate savings by FY26 and $300 million by FY28. Consolidated Net Debt to EBITDA stood at 1.23x as of September 30, 2025.