Hindalco Industries Limited has informed the Exchange about Transcript

Hindalco posted a mixed Q1 FY26 with consolidated profit after tax up 30% year-on-year at INR 4,004 crores, while consolidated EBITDA was flat at INR 8,539 crores. The India business was a clear bright spot: aluminium upstream EBITDA rose 17% to INR 4,080 crores at a record $1,467 per ton, and aluminium downstream EBITDA more than doubled to a record INR 229 crores, lifted by value-added products like battery enclosures. Copper EBITDA, however, fell 16% to INR 673 crores on weaker treatment and refining charges. Subsidiary Novelis saw shipments up 1% to 963 Kt but EBITDA dropped 17% year-on-year to $416 million due to elevated scrap prices and an estimated $60 million per quarter tariff hit. Management raised Novelis' FY26 exit cost-savings target to over $100 million (from $75 million) and reiterated the goal to quadruple downstream EBITDA by FY30 from the 2024 base. India capex is guided at INR 7,500-8,000 crores this year and around INR 15,000 crores next year, with captive coal mines expected to eventually cut fuel costs by 30%.