HINDALCO

Results Update

Q3 FY26 Consolidated Results YoY: Revenue at 66,521 Cr vs 58,390 Cr, up 13.9%. EBITDA at 8,540 Cr vs 8,093 Cr, up 5.5%. EBITDA Margin at 12.8% vs 13.9%, contraction of 102bps. PAT at 2,049 Cr vs 3,735 Cr, down 45.1%. Aluminium Upstream was the key profit driver with results up 14.4% YoY, while the Copper segment saw a 23.4% decline in results despite higher revenue. Performance was severely impacted by an exceptional loss of 2,610 Cr following a major fire incident at the Novelis Oswego plant in New York. The company also completed the acquisition of EMIL Mines and Mineral Resources Limited and secured an $800 million loan to support capital projects at Novelis.