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Hindalco Q1 FY27: All-Time Record Revenue, EBITDA and PAT Together
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Hindalco Industries Limited reported Q1 FY27 results for the June 2026 quarter on 7 August.
Q1 FY27 numbers (consolidated), all records:
Revenue: Rs 84,825 crore, up 32% YoY from Rs 64,232 crore
EBITDA: Rs 14,989 crore, up 73% YoY; margin 16.4%
PAT: Rs 7,013 crore, up 75% YoY from Rs 4,004 crore; EPS Rs 31.58
Aluminium India upstream EBITDA Rs 7,390 crore, up 81%; per tonne $2,331 vs $1,467
Copper EBITDA Rs 918 crore, record, up 36%; sulphuric acid by-products drove the gain
Novelis: revenue $5.8 billion, up 23%; EBITDA $516 million, up 24%; Oswego restarted
An exceptional charge of Rs 2,299 crore sits between operating profit and PAT. Since results: Hindalco commissioned India's first Superfine ATH plant at Belagavi, 30,000 tonne capacity of specialty alumina for EV and cable applications.
Hindalco Industries [][***** shares trade at Rs 989.35 (7 Sep 2026, 09:36 AM IST), up 38 percent in a year, 14 percent below the Rs 1,159 high. P/E 13.4; P/B 1.60; sector P/E 12.
My view: five simultaneous records on one print, yet the stock is 14 percent off its high on macro volatility. At 13.4x, barely above the sector's 12x, the market is paying nothing for the Novelis restart and the Belagavi speciality story. That is the opportunity and the risk: a re-rating needs sustained aluminium prices and Novelis to hold its $563 per tonne EBITDA. Holders are well-placed; fresh money can accumulate in the Rs 970 to 1,010 band. Levels: Rs 975, last week's low, is the near support; Rs 1,060 to 1,080 the August recovery zone to reclaim; Rs 1,159 the high.
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