Hindalco Industries Limited has informed the Exchange about Investor Presentation
HINDALCO · price
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Hindalco's wholly-owned subsidiary Novelis Inc. reported its Q4 and full FY25 (ended March 31, 2025) results. Full-year net sales rose 6% YoY to $17.1 billion, with rolled product shipments up 2% to 3,757 kilotonnes, driven by record beverage packaging volumes. Net income grew 14% to $683 million, but Adjusted EBITDA fell 4% to $1.8 billion and Adjusted EBITDA per tonne declined 6% to $480, hurt by elevated aluminum scrap prices and unfavorable product mix. Q4 Adjusted EBITDA of $473 million was down 8% YoY but recovered 29% sequentially. Net leverage rose to 2.9x (from 2.3x) as capex jumped 24% to $1.7 billion, with FY26 capex guided at $1.9–$2.2 billion. Free cash flow swung to a $737 million outflow.
For Hindalco shareholders, Novelis remains the largest earnings contributor but is currently facing margin pressure from scrap costs and rising leverage. Management has launched a structural cost-efficiency plan targeting over $300 million in run-rate savings by FY28 and is advancing the $4.1 billion Bay Minette project, which could support long-term growth. Near-term, the stock may react to the EBITDA decline and higher leverage, though strong beverage packaging demand and the cost plan provide a constructive medium-term outlook.