Hindalco Industries Limited has informed the Exchange about Investor Presentation
HINDALCO · price
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Hindalco reported Q3 FY26 consolidated revenue of ₹66,521 crore, up 14% year-on-year, driven by favourable macro conditions. Consolidated EBITDA rose 6% to ₹8,762 crore, but reported PAT fell 45% YoY to ₹2,049 crore due to a ₹2,610 crore exceptional charge from the Novelis Oswego plant fires; PAT excluding this impact was ₹4,051 crore, up 8% YoY. The India business delivered an all-time high quarterly PAT of ₹3,581 crore (up 24% YoY) on record aluminium upstream EBITDA of ₹4,832 crore (up 14%) and a 55% surge in aluminium downstream EBITDA. Novelis remained under pressure, posting a net loss of $1,532 million due to tariffs and the Oswego fire incident. Net debt rose sharply to ₹59,461 crore, pushing net debt-to-EBITDA to 1.73x from 1.23x in the prior quarter.
For shareholders, the India business is performing strongly with record profitability, while Novelis remains a drag with fire and tariff headwinds. The sharp rise in consolidated net debt and the Oswego-related exceptional loss may weigh on near-term sentiment, though management reiterated the long-term $600+/ton Novelis EBITDA target and outlined capacity expansion plans, including a 4x EBITDA target by FY30.