Satish Pai, Managing Director, Hindalco Industries
| Photo Credit:
cueapi
Hindalco Industries, an Aditya Birla Group company, reported a 45 per cent fall in December quarter net profit at ₹2,049 crore against ₹3,735 crore logged in the same period last year, largely due to the one-time provision on account of fire accident at its US subsidiary Novelis plant.
Revenue was up 14 per cent at ₹66,521 crore (₹58,390 crore). EBITDA increased 5 per cent to ₹8,543 crore (₹8,108 crore). The company has incurred an exceptional loss of ₹2,610 crore in the quarter under review.
It has already infused $750 million as equity in Novelis and will pump in another $250 million in this quarter to mitigate the impact of the fire accidents. The company has received $50 million from insurance companies as compensation for fire at Oswego palnt and expects more recovery soon.
Satish Pai, Managing Director, Hindalco Industries, said Novelis’ underlying performance remains strong despite short-term capacity constraints from the Oswego disruptions.
The 6 lakh tonne Bay Minette project on track for commissioning in the second half of FY27, he said.
Novelis reported an EBITDA of $495 million and this should go up to $600 million once the Bay Minette goes on stream, he added.
Next phase of growth
“In India, we have entered the next phase of growth with a clear roadmap to expand upstream capacities across alumina, aluminium and copper with aluminium capacity planned to scale up from 1.3 million tonnes to 1.7 mt and copper smelting capacity from 4 lakh tonne to 7 lt,” said Pai.
Hindalco Industries will spend ₹10,000 crore in FY26 and expects the capex to be around ₹10,000-12,000 crore in India.
Revenue from aluminium upstream was up 6 per cent at ₹10,620 crore while EBITDA increased 14 per cent to ₹4,832 crore driven by better realisation. EBITDA per tonne was up 6 per cent at $1,572.
Revenue of downstream aluminium was up 22 per cent at ₹3,909 crore with an EBITDA at ₹233 crore, up 55 per cent on account of higher shipments and favourable product mix. EBITDA per tonne at $241 was up 35 per cent.
Copper revenue was up 33 per cent at ₹18,233 crore due to higher prices and strong demand. EBITDA was down 23 per cent at ₹595 crore (₹777 crore) due to weak demand for copper continuous cast rod on back of higher LME and higher channel inventories.
Published on February 12, 2026
