HINDALCONSEHindalco Industries Limited· AluminiumMediumNeutral
Announced Fri, 22 May · 17:47 IST

Hindalco Industries Limited has informed the Exchange about Investor Presentation

Mgmt Guided Margin ImprovementAnalyst Day Multiyear TargetsInvestor Communications View source PDF

HINDALCO · price

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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹1110.10
prior close
₹1110.00
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After-mkt
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-2.1-2.2-2.3-1.9-0.3+3.6+2.0+2.9+3.3+1.4-11.4-14.2-14.9
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AI summary

Hindalco reported strong Q4 FY26 consolidated results with revenue of ₹78,133 crore (up 20% YoY) and business segment EBITDA of ₹10,812 crore (up 11% YoY). PAT before exceptional items rose 10% YoY to ₹5,796 crore, supported by favorable macros and operational performance despite the Novelis Oswego plant fire impact (net of recoveries and Sierre flood insurance). For FY26, consolidated revenue grew 15% to ₹2,74,944 crore and EBITDA increased 6% to ₹37,217 crore. Hindalco (India) upstream aluminium EBITDA rose 16% YoY (₹18,884 crore) with EBITDA/t improving 9% to $1,583, driven by cost optimization and favorable LME prices. Copper EBITDA surged 48% QoQ to ₹907 crore. Novelis adjusted EBITDA was $544 million with long-term $600+/ton guidance maintained. Capex of ₹31,619 crore (up 47% YoY) is funding major growth projects including captive coal mines, Aditya Aluminium smelter expansions, and a copper smelter — all on track.

Likely market impact

The results demonstrate robust execution across business segments with margin expansion in India operations, though the net debt/EBITDA ratio rose to 1.83x as capital spending accelerates for multi-year growth projects. The stock is likely to be viewed positively on the back of strong YoY PAT growth and the confirmation of long-term EBITDA guidance, but elevated capex and debt levels bear watching.