Financial Services

Aditya Birla Capital Limited (ABCL)

Chemicals

Aditya Birla Chemicals (Thailand) (ABCTL)

Fashion

Aditya Birla Fashion and Retail Limited (ABFRL)

Aditya Birla Lifestyle Brands Limited

Real Estate

Aditya Birla Real Estate

Renewables

Aditya Birla Renewables (ABRL)

Aditya Birla Sun Life AMC Limited (ABSLAMC)

Carbon Black

Birla Carbon

Paints

Birla Opus Paints

Cellulosic Fibre

Textiles

Grasim Industries Limited

Metals

Hindalco Industries Limited

Jewellery

Indriya

Novelis Inc

Cement

UltraTech Cement Limited

Telecom

Vodafone Idea Limited (Vi)

Aditya Birla Capital (ABCL) is the finance flagship of Aditya Birla Group. ABCL is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses.&nbsp;ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 61,600 employees, the businesses of ABCL have a nationwide reach with over 1,690 branches and more than 200,000 agents/channel partners along with several bank partners.ABCL and its subsidiaries/JVs manage aggregate assets under management of over Rs. 5.11 Lakh Crore with a consolidated lending book of over Rs 1.65 Lakh Crore as of June 30, 2025. &nbsp;<h3>Aditya Birla Capital Limited is the holding company of all the following financial services businesses:</h3><ul><li>Aditya Birla Health Insurance Co. Limited</li><li>Aditya Birla Housing Finance Limited</li><li>Aditya Birla Sun Life AMC Limited</li><li>Aditya Birla Sun Life Pension Fund Management Limited</li><li>Aditya Birla Asset Reconstruction Company Limited&nbsp;</li><li>Aditya Birla Money Limited</li><li>Aditya Birla Wellness Private Limited</li><li>Aditya Birla Capital Digital Limited &nbsp;</li></ul><h3>Products</h3><h4>Finance</h4><ul><li>Home finance</li><li>Personal finance</li><li>SME finance</li><li>Real estate finance</li><li>Project finance</li><li>Loan again securities</li><li>Corporate finance</li><li>Debt capital market</li><li>Loan syndication &nbsp;</li></ul><h4>Asset management</h4><ul><li>Mutual funds</li><li>Wealth</li><li>Stocks and securities</li><li>Private equity</li><li>PMS</li><li>Real estate investment</li><li>Pension funds &nbsp;</li></ul><h4>Insurance</h4><ul><li>Life insurance</li><li>Health insurance</li><li>Motor insurance</li><li>Corp general insurance</li><li>Travel insurance &nbsp;</li></ul><h4>Advisory</h4><ul><li>Money advise tool</li></ul>

<ul><li>Consolidated revenue1 increased 30% y-o-y to ₹ 14,181 crore</li><li>Consolidated profit after tax2 increased 41% y-o-y to ₹ 983 crore</li><li>Total lending portfolio grew 30% y-o-y and 7% q-o-q to ₹ 1,90,386 crore</li><li>Mutual fund quarterly average AUM: &nbsp;4,43,233 crore (↑ 15% y-o-y)</li><li>Life insurance individual first year premium: &nbsp;3,076 crore in 9M FY26 (↑ 19% y-o-y)</li><li>Health insurance gross written premium: &nbsp;4,651 crore in 9M FY26 (↑ 39% y-o-y)&nbsp;</li><li>Udyog plus, B2B platform for MSMEs crossed ₹ 5,000 crore AUM</li><li>ABCD, D2C Platform recorded ~ 9.3 mn customer acquisitions</li><li>Aditya Birla Housing Finance raises ₹ 2,750 crore of growth capital from Advent International at a valuation of ₹ 19,250 crore, on a post money basis, to sustain growth momentum and increase market share &nbsp;</li></ul><a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited</a> (“The Company”) announced its unaudited financial results for the quarter and nine months ended December 31, 2025.The consolidated revenue1 grew by 30% year-on-year to ₹ 14,181 crore. The consolidated profit after tax2, excluding exceptional and one-off items, grew by 41% year-on-year to ₹ 983 crore. The overall lending portfolio (NBFC and HFC) grew by 30% year-on-year and 7% sequentially to&nbsp; ₹ 1,90,386 crore as on December 31, 2025. The total AUM (AMC, life insurance and health insurance) grew by 19% year-on-year to ₹ 5,98,166 crore as on December 31, 2025. The life insurance individual first year premium grew by 19% year-on-year to ₹ 3,076 crore in 9M FY26 and health insurance gross written premium grew by 39% year-on-year to ₹ 4,651 crore in 9M FY26.The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 26 products and services such as payments, loans, insurance, and investments. It has seen a healthy uptake with about 93 lakh customer acquisitions till date. The integrated B2B platform for the MSME ecosystem, Udyog Plus, enables seamless and paperless digital journeys for business loans, supply chain financing and other value added services. The platform has scaled significantly with 24 lakh registrations and has crossed an AUM of ₹5,000 crore as of December 31, 2025.The Company continues to expand its pan-India network with 30 new branches added, taking the total branch network across businesses to 1,742 branches as of December 31, 2025.Meetings of the Board of Directors of Aditya Birla Capital Limited (“ABCL”) and Aditya Birla Housing Finance Limited (“ABHFL”) were also held today to consider and approve the proposal for a primary capital infusion of approximately Rs. 2,750 Crore in ABHFL (a wholly owned subsidiary of ABCL) from Indriya Limited, one of the entities of Advent International (“Advent”). The completion of the transaction is subject to regulatory approvals and other customary conditions. ABHFL plans to utilize the capital to sustain its growth momentum and increase market share. &nbsp;<h3>Key Business Highlights:</h3><h4>NBFC Business - Q3 FY26</h4><ul><li>Disbursements grew by 41% year-on-year to ₹ 21,417 crore</li><li>AUM grew by 24% year-on-year and 6% sequentially to ₹ 1,48,182 crore&nbsp;</li><li>Profit before tax grew by 29% year-on-year and 8% sequentially to ₹ 1,036 crore&nbsp;</li><li>Return on assets improved by 15 bps year-on-year and 5 bps sequentially to 2.25%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 145 bps year-on-year and 23 bps sequentially to 2.80% &nbsp;</li></ul><h4>Housing Finance - Q3 FY26</h4><ul><li>Disbursements grew by 30% year-on-year and 7% sequentially to ₹ 6,165 crore&nbsp;</li><li>AUM grew by 58% year-on-year and 10% sequentially to ₹ 42,204 crore&nbsp;</li><li>Profit before tax grew by 109% year-on-year and 18% sequentially to ₹ 229 crore&nbsp;</li><li>Return on assets increased by 54 bps year-on-year and 14 bps sequentially to 1.96%</li><li>Gross stage 2 and 3 ratio improved by 15 bps sequentially and 82 bps year-on-year to 0.95% &nbsp;</li></ul><h4>AMC Business - Q3 FY26</h4><ul><li>Mutual fund quarterly average assets under management grew by 15% year-on-year to 4,43,233 crore with equity mix at 45%</li><li>Equity QAAUM grew by 11% year-on-year to ₹ 1,99,442 crore&nbsp;</li><li>Individual monthly average assets under management grew by 7% year-on-year to 2,11,862 crore</li><li>Folios serviced increased by 3% year-on-year to about 1.08 crore</li><li>Profit before tax grew by 19% year-on-year to ` 358 crore &nbsp;</li></ul><h4>Life Insurance Business - 9M FY26</h4><ul><li>Individual First Year Premium (FYP) grew by 19% year-on-year to ₹ 3,076 crore&nbsp;</li><li>Market share in individual FYP increased by 20 bps year-on-year to 4.7%&nbsp;</li><li>Renewal premium grew by 18% year-on-year to ₹ 7,725 crore&nbsp;</li><li>Net value of new business (VNB) margin increased by 380 bps year-on-year to 14.6%</li><li>Absolute net VNB grew by 52% year-on-year to ₹ 485 core &nbsp;</li></ul><h4>Health Insurance Business - 9M FY26</h4><ul><li>Gross written premium grew by 39% year-on-year to &nbsp; 4,651 crore</li><li>Standalone health insurer market share increased by 210 bps year-on-year to 14.2%&nbsp;</li><li>Combined ratio improved to 111% (9M FY25: 114%)</li></ul>

Aditya Birla Capital posts strong Q3 FY26 results

Aditya Birla Lifestyle Brands Limited (ABLBL) emerged after the vertical de-merger of western wear brands within the Madura Fashion and Lifestyle’s business from Aditya Birla Fashion and Retail Limited (ABFRL) into a newly incorporated entity.ABLBL encompasses the lifestyle brands of Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter. Additionally, it has youth-fashion western wear brands of American Eagle, innerwear business under Van Heusen and the sportswear business of Reebok.Over the years, this portfolio has carved out a leadership position in the market, consistently delivering business outcomes across revenue growth, profitability, cash flow and return on capital employed.As of 31 March 2025, with a retail space spanning over 4.7 million square feet across India, ABLBL has a strong network of 3,305 brand stores and presence across 37,000+ multi-brand outlets and 7000+ shop in shop across departmental stores.

<h3>Financial Performance</h3>The Board of Directors of the Company, at its meeting today, approved the results for the quarter ended 31st December 2025. These financials are post factoring in necessary adjustments under Ind AS. Please note these results should be read in conjunction with the investor presentation. &nbsp;<h4>Financials ABLBL – Q3</h4><figure class="table" style="width:100%;"><table><thead><tr><th style="text-align:center;">In Rs. Cr.</th><th style="text-align:center;">Q3 FY25</th><th style="text-align:center;">Q3 FY26</th><th style="text-align:center;">Growth % (vs. LY)</th></tr></thead><tbody><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">Revenue</td><td style="text-align:center;">2138</td><td style="text-align:center;">2343</td><td style="text-align:center;">10%</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">EBITDA</td><td style="text-align:center;">355</td><td style="text-align:center;">431</td><td style="text-align:center;">21%</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">PBT&nbsp; (normalized)</td><td style="text-align:center;">83</td><td style="text-align:center;">132</td><td style="text-align:center;">59%</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">&nbsp;PBT (reported)&nbsp;&nbsp;</td><td style="text-align:center;">83</td><td style="text-align:center;">91</td><td style="text-align:center;">&nbsp;</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">&nbsp;&nbsp;&nbsp;PAT (reported)</td><td style="text-align:center;">60</td><td style="text-align:center;">69</td><td style="text-align:center;">&nbsp;</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">PAT&nbsp; (normalized)</td><td style="text-align:center;">60</td><td style="text-align:center;">100</td><td style="text-align:center;">66%</td></tr></tbody></table></figure>* PAT &amp; PBT normalized excludes one-time exceptional item pertaining to Statutory Impact of New Labour Code &nbsp;<h3>Performance Highlights for the Quarter</h3><ol><li>ABLBL posted 10% growth YoY, with revenue at Rs. 2343 Cr for the quarter&nbsp;<ol><li>Lifestyle Brands grew 9% YoY</li><li>Emerging business up 13% vs LY</li><li>9M YTD Revenue stood at Rs. 6222 Cr, up 6% YoY</li></ol></li><li>Quarter saw strong, broad-based growth across channels<ol><li>ABLBL posted 6th consecutive quarter of strong retail LTL&nbsp;<ol><li>6% LTL growth across a 3000+ store network, building on a strong 13% LTL growth in Q3 last year</li><li>All emerging brands delivered double-digit LTL growth</li></ol></li><li>E-com and wholesale channel posted double digit YoY growth this quarter</li></ol></li><li>ABLBL Q3 EBITDA grew by 21% YoY, reflecting continued improvement in operating performance<ol><li>EBITDA Margin expanded to 18.4%, an increase of 180 bps YoY<ol><li>Lifestyle brands margin was up ~90 bps</li><li>Emerging business portfolio margin expanded by 790 bps vs LY</li></ol></li><li>9M YTD saw margin expansion of ~100 bps to reach 16.9%</li></ol></li><li>PAT normalized for ABLBL in Q3 stood at Rs. 100 Cr vs Rs. 60 Cr LY; up 66% YoY</li><li>ABLBL expanded its retail footprint with 90+ gross store additions during Q3<ol><li>Total presence now at 3315 stores with area spanning ~4.8 Mn sq.ft.</li><li>9M YTD gross store addition at 220+ &nbsp;</li></ol></li></ol><h3>Business performance</h3><a href="/businesses/companies/aditya-birla-lifestyle-brands-limited/">Aditya Birla Lifestyle Brands Limited (ABLBL)</a> comprises of -<ul><li>Lifestyle brands - Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter&nbsp;</li><li>Emerging Business - American Eagle, Sportswear brand Reebok and Innerwear business under Van Heusen &nbsp;</li></ul>Lifestyle brands – Q3 revenue grew 9% to reach Rs. 2002 Cr. led by strong multi-channel performance. EBITDA for the business was Rs. 413 Cr. resulting in an EBITDA margin of 20.6%, up 90 bps YoY.Brands expanded their footprint with 70+ gross store additions in Q3, kickstarting a rapid network expansion phase. Brands continued with their premiumization journey, while further strengthening relevance and adoption amongst younger consumers. Over the past year, the store network has undergone a meaningful transformation, with over 50% of stores now offering an expanded casualwear assortment, enhancing brand relevance and driving higher customer engagement.Emerging business portfolio delivered profitable growth this quarter. Overall revenue grew by 13%. Without Forever 21 in the base quarter, growth is 19%. &nbsp;Portfolio posted robust retail LTL growth of 16% in Q3 with EBITDA margin expanding 790 bps YoY. These brands are now present across 375+ stores, with 20+ new stores added during the quarter. &nbsp;<h3>Way Forward</h3>Our portfolio accelerated its growth momentum during the quarter, underpinned by strong performance across emerging brands and non-retail channels, further strengthening an already well-established retail presence. This growth momentum is expected to sustain as we continue to power our product innovation engine while accelerating distribution expansion.Built on a foundation of deep consumer understanding, a portfolio of strong brands, and experienced leadership talent, these growth initiatives position the business to deliver sustained, long-term value.

Q3FY26: ABLBL delivers double-digit sales growth with strong performance across channels

The Boards of Directors of <a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited (“ABCL”)</a> and Aditya Birla Housing Finance Limited (“ABHFL”) approved a proposal for a primary capital infusion of Rs. 2,750 Crore in ABHFL (a wholly owned subsidiary of ABCL) from <a href="/businesses/companies/indriya/">Indriya Limited</a>, one of the entities of Advent International (“Advent”). The completion of the transaction is subject to shareholder approval, regulatory approvals and other customary conditions.The transaction values ABHFL at Rs.19,250 crore, on a post money basis. Upon completion of the transaction, ABCL will hold about 85.7% and Advent will hold about 14.3% stake in ABHFL.ABHFL is one of the fastest growing housing finance companies in India and is among the top 3 players in terms of incremental loan book growth. The AUM of ABHFL grew by a CAGR of 48% over the last three years to Rs. 42,204 crore as of December 31, 2025. It has maintained best-in- class asset quality with gross stage 3 ratio of 0.54% and net stage 3 ratio of 0.23%. ABHFL plans to utilize the capital to sustain the current growth momentum and increase market share.Commenting on the transaction, <a href="/our-story/leadership/mr-kumar-mangalam-birla/">Mr. Kumar Mangalam Birla</a>, Chairman, Aditya Birla Group said, “India’s housing sector is at a defining inflection point, driven by progressive policy initiatives such as the Pradhan Mantri Awas Yojana, a sustained thrust on affordable urban housing, and the expanding reach of urban and rural infrastructure. These reforms have broadened housing demand across diverse income segments and geographies. Structured, transparent, and accessible housing finance will play a pivotal role in unlocking the next phase of large-scale growth. The proposed capital infusion will strengthen ABHFL’s financial foundation, enable deeper market penetration, and enhance its ability to shape India’s inclusive and sustainable housing finance ecosystem.”Ms. Vishakha Mulye, MD &amp; CEO, Aditya Birla Capital Limited said, “Over the last few years, we have significantly scaled our businesses, and at ABHFL, we have built a full-stack housing finance franchise with a strong focus on prime and affordable segments, and construction finance. Today, ABHFL has a pan-India distribution footprint with a robust omnichannel sourcing network. This growth has been anchored in large market opportunities and sustained investments in technology, digital platforms, distribution, and talent enabling a scalable and resilient operating model. With this proposed capital raise, we enter the next phase of expansion for our housing finance business with a clear focus on sustaining growth momentum and increasing market share.”Shweta Jalan, Managing Partner at Advent International, said, "We are excited to partner once again with the Aditya Birla Group through our investment in Aditya Birla Housing. India's mortgage market is benefiting from strong structural tailwinds, led by supportive government initiatives and a constructive regulatory framework. Against this backdrop, Aditya Birla Housing has built a high-quality, trusted franchise with strong risk practices and governance standards that are synonymous with Aditya Birla Group companies. We have strong conviction in the leadership team and are delighted to support them as the Company enters its next phase of growth.”

Aditya Birla Housing Finance raises INR 2,750 Crore of growth capital from Advent International

Aditya Birla Group forayed into branded jewellery retail business in 2024 with the launch of its brand, Indriya, under the company, Novel Jewels.Rooted in Sanskrit, Indriya signifies strength and the power of the five senses—elements that drive our consciousness and shape our experiences. The brand's insignia, a graceful Female Gazelle, symbolises the senses and epitomises feminine beauty and elegance. Indriya is not just about our identity; it’s about celebrating the profound love women have for jewellery.Indriya is a "New Age Jewellery" brand that transforms the jewellery experience for every Indian. With a projected 50% CAGR and 3x the industry growth over the next decade, Indirya aspires to become one of the top three jewellery retailers within the first five years of its launch, and potentially the largest direct-to-consumer retailer under Aditya Birla Group.Indriya offers over 20,000 curated and 8,000 exclusive designs, crafted for various occasions. Currently Indriya has 27 stores across New Delhi, Hyderabad, Mumbai, Pune, Ahmedabad, Jaipur, Patna, Indore, Surat, Lucknow, Vijayawada, and &nbsp;Bhubaneswar. It plans to open 100 stores across India by FY2026.Mr. Sandeep Kohli is the Chief Executive Officer of Novel Jewels.

<a href="/businesses/companies/indriya/">Indriya</a>, Aditya Birla Jewellery showcases its collection for the first time-ever at Paris Couture Week in collaboration with renowned designer Gaurav Gupta as the official jewellery partner. Known for its focus on fine craftsmanship and design superiority, Indriya takes the artistry of Indian jewellery to one of the world’s most prestigious fashion platforms with this partnership.This season, Gaurav Gupta’s couture draws inspiration from the concept of dualities, elements that coexist and complete one another, rooted in Ardhanarishvara, the divine union of the masculine and feminine The collection explores contrasts that shape creation itself, such as structure and fluidity, form and formlessness, strength and grace.Anchored in India’s rich aesthetics and cultural heritage, Indriya’s designs continue Gaurav Gupta’s sculptural couture vocabulary, precise, luminous and sculptural. The jewellery pieces enhances the fluid and structured architecture of the garments. Jewels become points of light that move with the wearer, connecting body, craft and couture.Couturier Gaurav Gupta said “Jewellery, for me, is not an embellishment of the body, but an extension of its inner geometry. In The Divine Androgyne, each form becomes a vessel of energy, memory, and quiet power. Working with Indriya felt instinctive, their language of heritage and ornament offered the perfect balance of tradition and restraint, complementing the collection without ever overpowering it.”Shantiswarup Panda, Head of Marketing and Visual Merchandising at Indriya, Aditya Birla Jewellery, said “Indriya takes pride in bringing the finest nuances of Indian art, craft, architecture and culture into its design vocabulary and its nuanced story telling. Our collaboration with Gaurav Gupta is an endeavour to present to the world, the beautiful Indian concept of duality in a unique manner though the Paris Couture Week.”&nbsp;Abhishek Rastogi, Head of Design at Indriya, added “Immersed in the Gaurav Gupta’s Universe, our fine jewellery, led by diamonds and gemstones, and complemented by sculptural gold, has been carefully curated to work in harmony with the collection’s bold silhouettes and flowing forms. Each piece enhances the couture, bringing together precision, craftsmanship and artistic expression.”&nbsp;

Indriya, Aditya Birla Jewellery, showcases its exquisite designs at Paris Couture Week with renowned designer Gaurav Gupta 

UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. A USD 8.9 billion company, UltraTech is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India.&nbsp;UltraTech is the second largest cement company (globally by capacity) and the largest by sales volume (excluding China). The Company has a consolidated production capacity of 194.06 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech is the only cement company globally (outside of China) to have 175+ MTPA of cement manufacturing capacity in a single country. The Company’s business operations span UAE, Bahrain, Sri Lanka and India.UltraTech’s manufacturing footprint comprises of 34 integrated manufacturing units, one Clinkerisation unit, 34 grinding units and 10 bulk packaging terminals. With 425 Ready Mix Concrete (RMC) plants in 163 cities, UltraTech is the largest manufacturer of concrete in India. It has a slew of speciality concretes that meet specific needs of discerning customers.&nbsp;UltraTech has a network of over 1.45 lakh channel partners across the country and has a market reach of more than 80% across India. In the white cement segment, UltraTech goes to market under the brand name of Birla White. It has two White Cement units and four Wall Care putty units, with a current capacity of 2.6 MTPA.&nbsp;In 2025, UltraTech extended its footprint in the construction value chain, through wires and cables segment with a planned capital expenditure of ~ INR 1,800 crore over the next 2 years.The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes. Through its CSR initiatives, UltraTech reaches out to more than 1.8 million beneficiaries in over 500 villages across India.UltraTech is also a founding member of Global Cement and Concrete Association (GCCA). It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA. UltraTech is focused on accelerating the decarbonisation of its operations, and is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in.&nbsp;

<div><figure class="table" style="margin:0.9em;"><table><tbody><tr><td>&nbsp;</td><td colspan="2">Consolidated</td></tr><tr><td>Particulars&nbsp;</td><td>Q3FY26</td><td>Q3FY25</td></tr><tr><td>Net Sales</td><td>21,506</td><td>17,555</td></tr><tr><td>PBIDT</td><td>4,051</td><td>3,142</td></tr><tr><td>Normalised PAT</td><td>1,792</td><td>1,359</td></tr></tbody></table></figure></div>The Composite Scheme of Arrangement between Kesoram Industries Limited (“Kesoram”), the Company and their respective shareholders and creditors, was effective from 1st March, 2025. The Appointed Date of the Scheme is 1st April, 2024. Consequently, the Company has restated its financial results with effect from 1st April, 2024. UltraTech Cement Limited, an Aditya Birla Group company today announced its financial results for the quarter ended 31st December, 2025.&nbsp;&nbsp; &nbsp;<h3>FINANCIALS</h3>Consolidated Net Sales was Rs.21,506 crores vis-à-vis Rs. 17,555 crores over the corresponding period of the previous year, registering a growth of 23%. Profit before interest, depreciation and tax was Rs. 4,051 crores compared to Rs. 3,142 crores. Normalised Profit after tax was Rs. 1,792 crores compared to Rs. 1,359 crores.Pursuant to the implementation of the new Labour Code in the country with effect from 21st November, 2025, the Company has recognised Rs. 88 crores as an exceptional expense towards additional Gratuity and Leave Encashment obligations. PAT after this one-time cost stands at Rs. 1,725 crores.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>OPERATIONS</h3>UltraTech continues to deliver strong performance quarter after quarter. Overall capacity utilisation stood at 77% for the quarter, compared to 72% during the same period last year.UltraTech achieved a growth of 29.4% in domestic grey cement markets, excluding the sales volumes of India Cements and Kesoram from the corresponding previous period, as these entities were not part of the Company for the entire period. “UltraTech” as a Cement brand has grown 22.3% with the rapid improvement of quality of product from these acquired assets and integration of its marketing and logistics.Operating EBITDA per ton improved to Rs. 1,051 excluding India Cements, improving from Rs. 911/mt over the previous year.India Cements is on its recovery path with sales volumes of 2.59 ml mt, a growth of 25% over last year. With improvement in the efficiency and productivity, completion of capex plans and brand transition to UltraTech, the company will start generating targeted profitability in line with the holding company.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>CAPACITY EXPANSION&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>UltraTech’s capacity expansion programme continues at a strong pace.During the quarter, UltraTech commissioned 0.6 mtpa of cement capacity at its grinding unit at Dhule Cement Works, Maharashtra and 1.2 mtpa at the integrated unit at Nathdwara Cement Works, Rajasthan.With these additions, UltraTech’s domestic grey cement capacity stands at 188.66 mtpa. Along with 5.4 mtpa cement capacity in the UAE, the Company’s global capacity now has reached 194.06 mtpa. UltraTech ranks as the second largest cement company globally by capacity and the largest by sales volumes, (ex of China). During the quarter, the Company spent Rs. 2,357 crores on its ongoing capex program and has reduced its net debt ebitda of 1.08 x reflecting its strength in the operating cash flows.UltraTech along with its subsidiary, India Cements Limited, has initiated the next phase of its expansion, to add 22.8 mtpa of capacity, through a mix of brownfield and greenfield projects and work is progressing as scheduled. Post completion of this phase of expansion, the Company will reach a capacity of 240.76 mtpa.The Cables and Wires business is on track, with critical orders placed, civil work on the project site in progress and team is getting on board. The Company is confident of meeting the committed launch timelines of Q3 FY27.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>SUSTAINABILITY&nbsp;&nbsp;&nbsp;&nbsp;</h3>In line with its stated commitment towards enhancing environment conservation measures, UltraTech commenced 14 MW of WHRS capacity during the quarter. With this, the Company’s total WHRS capacity stands augmented to 383 MW. The share of green power in the Company’s power mix is 42.1% for the quarter.Also Read: <a href="/media/press-releases/ultratech-q2fy26-financial-results/">UltraTech Q2FY26 Financial Results</a>

UltraTech Cement reports strong Q3FY26 results

Aadyam Handwoven, the corporate social enterprise by Aditya Birla Group dedicated to preserving India’s weaving legacies, today announced acclaimed actor and cultural tastemaker Sobhita Dhulipala as the official brand ambassador. The announcement was made at an exclusive press event held at La Panthera, BKC, Mumbai, marking a new chapter in Aadyam’s evolving vision of Culture Beyond Textiles—an initiative that brings together the many facets of lived Indian traditions.For Aadyam Handwoven, textiles are vessels of memory, identity, and artistry. The partnership with Sobhita reflects a shared commitment to representing India’s heritage with contemporary relevance. Recognised globally for her distinctive style, depth of performance, and respect for Indian craft traditions, Sobhita embodies the thoughtful modern Indian consumer Aadyam speaks to—one who values authenticity, artistry, and the stories behind what they choose to wear and live with.Speaking on this association, Manish Saksena, Business Lead at Aadyam Handwoven, said, “Aadyam has always stood for the people behind the loom, the cultures that shape our craft, and the traditions that continue to evolve. Sobhita is a woman of today who exemplifies this thinking with an innate sensitivity that is in tandem with our narrative. Her connect to handlooms is personal and intuitive, and her presence strengthens our endeavour to make Indian craftsmanship aspirational for a new generation.”Sobhita Dhulipala expressed her excitement about the collaboration, saying, “I’ve always believed that craft carries emotion. When something is made by hand, it holds the imprint of the person who created it. Aadyam’s work with weaving communities, combined with its philosophy of celebrating culture in all its forms, makes this association very special for me. I am honoured to lend my voice to a brand that champions artistry with purpose.”The event also spotlighted Aadyam’s broader initiative #Culture Beyond Textiles, and #MusicOfAadyam — which collectively amplify India’s cultural ecosystem across performing arts, literature, food, design, and craftsmanship that share the same ethos of preservation and storytelling. It is a reminder that culture is not static but a living, breathing entity that evolves with time, always anchored in its roots.Aadyam Handwoven is a corporate social enterprise from the house of Aditya Birla working with weaver communities in India with a vision to create a self-sustaining ecosystem for the finest artisans of the country by supporting and selling their crafts and thus impacting their quality of life. By blending international trends with rich traditional heritage, it aims to co-create heirloom worthy pieces with skilled artisans that can resonate globally.

Aditya Birla Group’s Aadyam Handwoven announces Sobhita Dhulipala as brand ambassador

Aditya Birla Renewables aims to become one of India’s top renewable energy businesses and to enable the nation to become self-reliant (Atmanirbhar) in renewable power.Founded in 2011, Aditya Birla Renewables Limited (ABRL) has built a portfolio of ~2 gigawatts (including projects in the pipeline) in several states of India. It is powering ahead in an ambitious journey to achieve 4.5 GWp in installed capacity by FY2026.In 2011, the company was among India’s first renewable energy companies to answer the call of the Jawaharlal Nehru Solar Mission, which flagged off the country’s green energy journey. It supports a host of national commitments, including India’s COP26 promise to get half its energy from renewable sources by 2030. By enabling governments and businesses to reach for a sustainable, low-carbon future, Aditya Birla Renewables is helping India fulfil its energy promises to the world.The company has strong market leadership in the Commercial and Industrial (C&amp;I) power segment. Prestigious businesses like Grasim, Hindalco, UltraTech, Century Enka, and others rely on ABRL to establish and run captive renewable power projects.It is also leading the change towards clean, affordable, and sustainable energy through partnerships with the public sector. Government utilities, including those in Karnataka, Maharashtra, Odisha, Rajasthan, Telangana, and Gujarat, are among the customers.Aditya Birla Renewables’ expertise spans solar (including floating solar and rooftop) power, wind energy, and hybrid power (solar + wind). The company is looking to expand its portfolio to include battery storage solutions, ‘round-the-clock’ projects, hydrogen and ammonia-based power solutions, and manufacture of solar PV modules.Mr. Amit Jain is the Chief Executive Officer of Aditya Birla Renewables.

<ul><li>Deal amongst the largest primary commitments by a private equity player in a renewables platform in India&nbsp;&nbsp; &nbsp;</li></ul><a href="/businesses/companies/aditya-birla-renewables-abrl">Aditya Birla Renewables Limited (“ABREN”)</a>, a subsidiary of <a href="/businesses/companies/grasim-industries-limited/">Grasim</a>, has finalized an investment by Global Infrastructure Partners (“GIP”), part of BlackRock, one of the world’s leading infrastructure investors, of up to INR 3,000 Crores, with a commitment of INR 2,000 Crores (~USD $225 Mn) and a greenshoe option to invest another INR 1,000 cr (~USD 110 Mn). This deal marks one of the largest primary commitments for a minority stake in a renewables platform in India. The GIP investment translates into an enterprise value of ~INR 14,600 Crores for ABREN.ABREN has achieved robust organic growth, building a diversified pan-India renewable energy portfolio of ~4.3 GW across 10 states. This portfolio delivers solar, hybrid, floating solar, round-the-clock renewable power, reinforcing ABREN’s formidable position in sustainable energy.<a href="/our-story/leadership/mr-kumar-mangalam-birla">Mr. Kumar Mangalam Birla</a>, Chairman, Aditya Birla Group, said, “India stands at the cusp of an energy transformation, arguably one of the largest anywhere in the world. The scale of the renewables opportunity in India is extraordinary, driven both by the urgent imperative of decarbonisation, and the sheer arithmetic of demand. This business sits squarely at the intersection of national energy security and climate leadership, two defining priorities for the coming decades. GIP’s investment marks a pivotal moment in our growth journey, laying a strong foundation for an accelerated buildout of our renewables platform, as we target a capacity of 10 GW+ in the coming years. Their global leadership in owning and operating some of the most sophisticated energy assets worldwide brings both rigour and reach to our ambition. At Aditya Birla Group, we see our renewables business emerging as a powerful growth engine for the Group - technologically advanced, capital-efficient, and deeply aligned with the future India is building.”<div>Mr. Jayant Dua, Business Head, ABREN, said, “ABREN is on an accelerated growth journey, and we look forward to this partnership with GIP as we build on our competitive positioning in the renewables sector in India. ABREN, backed by an experienced team, is well positioned to achieve its growth ambitions by executing complex, large-scale renewable projects. We aim to build a comprehensive renewables platform with a presence across all major technologies, focusing on both Commercial and Industrial (C&amp;I) segment and utility-scale projects."</div>Mr. Raj Rao, GIP President and Chief Operating Officer, said, “We are excited to partner with Aditya Birla Group, one of India’s leading conglomerates, as today’s announcement will allow us to continue to support innovation at scale. &nbsp;GIP’s experience in infrastructure across the globe, combined with Aditya Birla’s technical, operational and industrial capabilities, aims to develop Aditya Birla Renewables into a leading renewable platform that can contribute to the Indian industry’s decarbonization objective. Our investment reflects GIP’s confidence in India’s renewables sector and our commitment to advancing the energy transition in India."The transaction is subject to receipt of necessary statutory and regulatory approvals and completion of other conditions precedent.&nbsp;&nbsp; Standard Chartered Bank acted as the sole financial advisor to ABREN on this transaction.&nbsp;

Global Infrastructure Partners (part of BlackRock) to invest up to INR 3,000 Crores or ~$335 Mn in Aditya Birla Renewables for a minority stake

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia’s largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world’s largest recycler of aluminium.In India, Hindalco is the largest aluminium downstream player providing customised solutions in flat rolled products and extruded aluminium solutions.Hindalco is India’s largest copper producer, contributing significantly to India’s domestic refined copper requirements. Its copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty.Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants, and aluminium smelting to downstream rolling, extrusions, and foils. It serves key sectors such as aerospace and defence, building and construction, electricals, and electronics, automotive and transport, beverage packaging, consumer durables and kitchenware, pharmaceuticals and food packaging, EV and renewables, refractories, and ceramics.Hindalco’s global footprint spans 52 manufacturing units across 10 countries (20 plants in India, and 32 overseas units). Hindalco also operates 23 mines. With a cross-cultural workforce of more than 68,500 people, it remains committed to building an agile, responsive, and productive work environment in line with our strategic priorities of value enhancing growth and strong ESG commitment. &nbsp;<h3>Products</h3>Aluminium<ul><li>Primary aluminium</li><li>Aluminium value added.</li><li>Flat Rolled Products (FRP)</li><li>Extrusions</li><li>Foils and packaging solutions</li><li>Metallurgical alumina &nbsp;</li></ul>Copper<ul><li>Cathodes</li><li>Continuous Cast Rods (CCR)</li><li>Gold and silver</li><li>By-products</li><li>Di-Ammonium Phosphate (DAP)</li><li>Sulphuric acid &nbsp;</li></ul>Chemicals<ul><li>Calcined alumina</li><li>Alumina hydrate</li><li>Sustainability</li></ul> Guided by its purpose of building a Greener, Stronger, Smarter world, Hindalco has made sustainability the backbone of its operations and strategy. Some key initiatives include global-first circular economy solutions that utilise bauxite residue as an industry input rather than waste and pioneering responsible mining through developing India’s first Sustainable Mining Charter. Initiatives for carbon neutrality, water positivity, biodiversity, and zero waste to landfill have contributed to Hindalco being recognised as the world’s most sustainable aluminium company by the Dow Jones Sustainability Indices in 2020 and 2021.&nbsp; Hindalco drives R&amp;D in aluminium solutions because these can play a big role in delivering climate action and sustainable decarbonisation for the nation. We innovated India’s first aluminium trailer, bulker, and bus which can save up to 300 tonnes of carbon per vehicle over their lifetime. We are building new-age rail and transport solutions for freight and passenger transport. We are creating an Aluminium-Air battery that does not require a charging infrastructure.Mr. Satish Pai is the Managing Director of Hindalco Industries Limited.

Strong performance amid volatility, strengthened by Hindalco’s integrated business modelRevenue at ₹66,058 crore, up 13%; PAT at ₹4,741 crore, up 21% YoY<h3>Key Highlights</h3><ul><li>Consolidated PAT at ₹4,741 crore, up 21%&nbsp;</li><li>Aluminium Upstream quarterly EBITDA at ₹4,524 crore, up 22%&nbsp;</li><li>Industry-best Aluminium Upstream EBITDA margins, at 45%</li><li>All-time high Aluminium Downstream quarterly EBITDA at ₹261 crore, up 69%</li><li>Copper EBITDA at ₹634 crore, in line with guidance</li><li><a href="/businesses/companies/novelis-inc/">Novelis</a> shipments at 941 KT, in line with the prior year period&nbsp;</li><li>Novelis cost reduction initiatives target over $125 million run-rate savings by FY26&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and $300 million by FY28</li><li>Novelis Oswego plant to restart the hot mill in December 2025</li><li>Hindalco announces Aditya Aluminium Phase 2 expansion of 193 KT</li><li>Consolidated Net Debt to EBITDA at 1.23x as of September 30, 2025,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; vs 1.19x a year ago &nbsp;</li></ul><a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, today reported results for the quarter ended September 30, 2025. Consolidated EBITDA for the second quarter stood at ₹9,684 crore, up 6% from the same quarter last year, and Net Profit increased to ₹4,741 crore, up 21% over the prior year quarter. &nbsp;The robust results were driven by a strong performance by the India business, and a resilient performance by Novelis. India Aluminium Upstream business delivered another standout performance with EBITDA at ₹4,524 crore, up 22%, while Aluminium Downstream achieved a record EBITDA of ₹261 crore, up 69% compared to Q2 FY25. Despite headwinds, Novelis reported flat shipments over the prior year quarter. &nbsp;<h3>Summary of Consolidated Financial Highlights for the Quarter and Half Year ended September 30, 2025 (₹ Crore)</h3><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">Q2 FY25</td><td style="text-align:center;">Q1 FY26</td><td style="text-align:center;">Q2 FY26</td><td style="text-align:center;">% Growth YoY</td><td style="text-align:center;">H1 FY25</td><td style="text-align:center;">H1 FY26</td></tr><tr><td>Revenue from Operations</td><td style="text-align:center;">58,203</td><td style="text-align:center;">64,232</td><td style="text-align:center;">66,058</td><td style="text-align:center;">13%</td><td style="text-align:center;">1,15,216</td><td style="text-align:center;">1,30,290</td></tr><tr><td>EBITDA</td><td style="text-align:center;">9,100</td><td style="text-align:center;">8,673</td><td style="text-align:center;">9,684</td><td style="text-align:center;">6%</td><td style="text-align:center;">17,092</td><td style="text-align:center;">18,357</td></tr><tr><td>PBDT</td><td style="text-align:center;">8,231</td><td style="text-align:center;">7,919</td><td style="text-align:center;">8,881</td><td style="text-align:center;">8%</td><td style="text-align:center;">15,364</td><td style="text-align:center;">16,800</td></tr><tr><td>Profit Before Tax and Exceptional Items</td><td style="text-align:center;">6,157</td><td style="text-align:center;">5,676</td><td style="text-align:center;">6,722</td><td style="text-align:center;">9%</td><td style="text-align:center;">11,335</td><td style="text-align:center;">12,398</td></tr><tr><td>Profit/ (Loss) After Tax</td><td style="text-align:center;">3,909</td><td style="text-align:center;">4,004</td><td style="text-align:center;">4,741</td><td style="text-align:center;">21%</td><td style="text-align:center;">6,983</td><td style="text-align:center;">8,745</td></tr><tr><td>EPS (₹/Share) - Basic</td><td style="text-align:center;">17.59</td><td style="text-align:center;">18.03</td><td style="text-align:center;">21.35</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">31.43</td><td style="text-align:center;">39.38</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div>Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,&nbsp;&nbsp;&nbsp; “Hindalco continued its growth momentum amid global volatility, delivering strong performance in both volumes and profitability. This performance was driven by robust contribution from &nbsp;India business, disciplined cost management and operational efficiencies across segments.The Aluminium Upstream business continued to outperform with industry-best EBITDA margins of 45%. The Downstream segment reported a solid quarter with 69% EBITDA growth, supported by all-time high volumes and a superior product mix. The Copper business remained resilient, performing in line with our guidance even with lower TC/RCs. Novelis recorded a sequential improvement in both EBITDA and Net Income, despite net tariff impact partially offset by better pricing and accelerated cost efficiency initiatives.Our integrated business model, prudent capital allocation and focus on cost optimisation, continues to enable us to deliver sustained, resilient growth across market cycles.Our sustainability agenda remains focused on climate action, circularity through waste recycling, water stewardship and biodiversity protection.” &nbsp;<h3>Segment-wise Performance for Q2 FY26</h3><h4>Novelis*&nbsp;</h4><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td>UOM</td><td>Q2 FY25</td><td>Q2 FY26</td><td>H1 FY25</td><td>H1 FY26</td></tr><tr><td>Shipments</td><td>KT</td><td>945</td><td>941</td><td>1,896</td><td>1,904</td></tr><tr><td>Revenue</td><td>$ Bn</td><td>4.3</td><td>4.7</td><td>8.5</td><td>9.5</td></tr><tr><td>Adjusted EBITDA</td><td>$ Mn</td><td>462</td><td>422</td><td>962</td><td>838</td></tr><tr><td>EBITDA/ton</td><td>$/ton</td><td>489</td><td>448</td><td>507</td><td>440</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Shipments flat at 941 KT&nbsp;&nbsp;</li><li>Revenue at $4.74 billion, up 10%, driven by higher average aluminium prices&nbsp;&nbsp;</li><li>Adjusted EBITDA at $422 million, down 9% due to the impact of tariffs&nbsp;&nbsp;</li><li>Cost take-out run rate at more than $125 million by end of FY26&nbsp;&nbsp;&nbsp;</li><li>Bay Minette and other strategic investments projects advancing well&nbsp;&nbsp;&nbsp;</li><li>Oswego plant to restart hot mill in December 2025 *As per US GAAP &nbsp;</li></ul><h4>Aluminium (India)</h4>Aluminium Upstream:<figure class="table" style="float:left;"><table><tbody><tr><td>Particulars (Aluminium Upstream)</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q2 FY25</td><td style="text-align:center;">Q2 FY26</td><td style="text-align:center;">H1 FY25</td><td style="text-align:center;">H1 FY26</td></tr><tr><td>Shipments</td><td style="text-align:center;">KT</td><td style="text-align:center;">328</td><td style="text-align:center;">341</td><td style="text-align:center;">657</td><td style="text-align:center;">666</td></tr><tr><td>Revenue</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">9,125</td><td style="text-align:center;">10,078</td><td style="text-align:center;">17,964</td><td style="text-align:center;">19,409</td></tr><tr><td>Segment EBITDA</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">3,709</td><td style="text-align:center;">4,524</td><td style="text-align:center;">7,202</td><td style="text-align:center;">8,604</td></tr><tr><td>EBITDA/tonne</td><td style="text-align:center;">$/ton</td><td style="text-align:center;">1,349</td><td style="text-align:center;">1,521</td><td style="text-align:center;">1,311</td><td style="text-align:center;">1,495</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Quarterly Upstream revenue at 10,078 crore, up 10%&nbsp;&nbsp;&nbsp;</li><li>Aluminium Upstream EBITDA at ₹4,524 crore, up 22%, driven by higher volumes and realisations&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Aluminium Upstream EBITDA per tonne at $1,521, up 13%, with industry-best margins of 45%&nbsp;&nbsp;&nbsp;</li><li>2nd Phase Aditya Aluminium expansion of 193 KT announced, with a project cost of ₹10,225 crore and expected commissioning in FY29</li></ul> Aluminium Downstream:<ul><li>Sales of Aluminium Downstream at 113 KT, up 10%&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Downstream revenue at ₹3,809 crore, up 20%&nbsp;&nbsp;&nbsp;</li><li>Record Aluminium Downstream EBITDA at ₹261 crore, up 69% on account of higher shipments and favourable product mix&nbsp;&nbsp;&nbsp;</li><li>Downstream EBITDA per tonne at $265, up 49% &nbsp;</li></ul><h4>Copper</h4><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td>UOM</td><td>Q2 FY25</td><td>Q2 FY26</td><td>H1 FY25</td><td>H1 FY26</td></tr><tr><td>Metal Sales^</td><td>KT</td><td>117</td><td>113</td><td>236</td><td>237</td></tr><tr><td>^Of which CCR Sales</td><td>KT</td><td>90</td><td>97</td><td>190</td><td>201</td></tr><tr><td>Revenue</td><td>₹ Cr</td><td>13,114</td><td>14,563</td><td>26,406</td><td>29,449</td></tr><tr><td>Segment EBITDA</td><td>₹ Cr</td><td>829</td><td>634</td><td>1,634</td><td>1,307</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Copper metal sales at 113 KT, down 3%</li><li>Copper Continuous Cast Rod (CCR) sales at 97 KT, up 8%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Revenue at ₹14,563 crore, up 11%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Maintained a healthy EBITDA of ₹634 crore; in a declining TC/RCs market, offset with higher realisation from Sulphuric Acid&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Copper Tubes project progresses to commissioning phase&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Construction of copper recycling project progressing on schedule&nbsp;</li></ul>

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