Please find attached Outcome of Board Meeting dated 22/05/2026
HINDALCO · price
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Hindalco Industries board approved audited standalone and consolidated financial results for FY2026 ending March 31, 2026. Standalone revenue grew 20.6% to ₹1,12,553 crore from ₹93,309 crore, while profit after tax surged 57.8% to ₹10,080 crore from ₹6,387 crore. EPS improved significantly to ₹45.40 per share versus ₹28.76. The company recommended a final dividend of ₹5 per share (record date: July 10, 2026). Statutory auditors issued unmodified (clean) opinions on both standalone and consolidated results. Notable items include: impairment loss of ₹161 crore on relinquished coal mine, acquisition of EMMRL (Bandha coal mines) completed in December 2025, and ongoing proposed acquisition of US-based AluChem for USD 125 million pending CFIUS approval. Deferred tax write-back of ₹505 crore was recognized due to new tax regime election, plus ₹297 crore tax provision write-back from earlier year. An Emphasis of Matter paragraph highlights ongoing CBI proceedings regarding a deallocated coal mine from 2014-15, with undeterminable financial impact.
Strong financial performance with robust revenue and profit growth reflects operational strength. Clean audit opinions and dividend recommendation are positive signals for shareholders. The CBI-related Emphasis of Matter represents a contingent risk that investors should monitor, though auditors did not modify their opinion.