Hindalco posts record Q1FY27 Results

India business scales new highs; Novelis regains momentum

All-time high EBITDA across India Aluminium, Copper and Novelis

Consolidated Revenue and PAT at historic highs          
 

Q1 FY27 – Key Highlights

• Record quarterly consolidated Revenue at ₹84,825 crore, up 32%
• All-time high quarterly consolidated EBITDA at ₹14,989 crore, up 73%
• All-time high quarterly consolidated PAT at ₹7,013 crore, up 75% owing to strong performance across all businesses
• Record Aluminium Upstream quarterly EBITDA at ₹7,390 crore, up 81%
• Record Copper quarterly EBITDA at ₹918 crore, up 36%
• Record Novelis quarterly Adjusted EBITDA* at ₹4,875 crore, up 37%
• Production at Novelis’ Oswego plant restarted and now ramping up
• Bay Minette’s commissioning process underway
• Consolidated Net Debt to EBITDA at 1.95x as of June 30, 2026 vs 1.02x a year ago

Hindalco Industries Limited, the Aditya Birla Group metals flagship, today reported its strongest-ever performance for the quarter ended June 30, 2026, achieving new highs in Revenue, EBITDA and PAT, driven by strong India business momentum and Novelis’ recovery.

Consolidated EBITDA for the first quarter stood at ₹14,989 crore, up 73% from the same quarter last year. Quarterly Net Profit was ₹7,013 crore compared to ₹4,004 crore in the same quarter last year, backed by strong performance across all business segments. Aluminium Upstream, Aluminium Downstream, Copper and Novelis delivered their highest-ever quarterly EBITDA.

Hindalco’s milestone performance was driven by favourable macro tailwinds and the Company’s strategic focus on resource security, premium product innovation and relentless operational excellence.

Novelis recorded a 37% improvement in EBITDA, buoyed by the successful restart of Oswego hot mill and accelerated benefits from its cost optimisation programme.          
* As per US GAAP

Summary of Consolidated Financial Highlights for the Quarter ended June 30, 2026 (₹ Crore) 

Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said, 

“Hindalco has started FY27 on a strong note, delivering record Revenue, EBITDA and PAT, with every business segment contributing meaningfully to this performance. Our India business delivered another record quarterly performance while Novelis reported improved profitability supported by the successful restart of Oswego and continued benefits from cost optimisation measures. 

Our Aluminium Upstream business reported an all-time high EBITDA, backed by favourable macros and operational efficiencies. Both our Copper and Aluminium Downstream businesses also delivered record quarterly EBITDA reflecting the continued strength of our diversified business model, value added products and operational excellence. 

Looking ahead, our pipeline of strategic investments remains robust across upstream and downstream. As we continue to expand upstream capacities in alumina, aluminium and copper, we are scaling up our downstream projects. Projects such as Aditya FRP, battery foil, battery enclosure, Inner Grooved Tube are progressing well while the ramp of Novelis’ Oswego plant and Bay Minette plant will mark another milestone in our downstream growth journey. Together, these investments position Hindalco uniquely as an integrated global metals company with the right balance of upstream strength and downstream value addition to deliver sustainable, long-term growth.”           
 

Advancing Sustainably

• Operationalised a 65 MW round-the-clock renewable energy project at Aditya Aluminium, making Hindalco the only company in India with an operational captive round-the-clock renewable energy plant
• Achieved 80% overall waste utilisation in the first quarter, while advancing India's first bauxite residue-based quarry backfilling initiative at Dalla stone quarry in Uttar Pradesh
• Water recycling increased to 29% across operations, up from 27% a year ago, supported by advanced tertiary water treatment initiatives
• Planted 80,000 saplings in Q1, taking cumulative plantation to 6.34 million trees; launched pollinator conservation initiatives at Baphlimali mines, and developed avian habitats at the Aditya Aluminium Biodiversity Park          
   

Recognised as the World's Most Sustainable Aluminium Company in the S&P Global CSA for the sixth consecutive year (2020–2025).           
 

Segment-wise Performance for Q1 FY27

Novelis*

• Revenue at $5.8 billion, up 23%, driven by higher metal prices
• Adjusted EBITDA at $516 million, up 24%, supported by structural cost reduction initiatives
• Oswego hot mill restarted in June and production is ramping up
• Bay Minette plant commissioning is underway; expect to commence commercial shipments in Q1 FY28          
  * As per US GAAP

Aluminium (India)

Aluminium Upstream:

• Quarterly Upstream revenue at ₹13,403 crore, up 44%
• Record Aluminium quarterly Upstream EBITDA at ₹7,390 crore, up 81%, driven by favourable macros and stronger operational performance
• All-time high quarterly Aluminium Upstream EBITDA per tonne at $2,331, up 59%
• Aluminium Upstream continued to deliver robust EBITDA margins, at 55%
• Aditya Smelter Phase 2 on track to begin metal production in FY28          
   

Aluminium Downstream:

• Sales of Aluminium Downstream stood at 104 KT, up 3%
• Downstream revenue was ₹4,889 crore, up 46%
• All-time high quarterly Aluminium Downstream EBITDA at ₹298 crore, up 30% supported by favourable product mix and higher shipments
• Downstream EBITDA per tonne at $303, up 15%, led by change in product mix and premiumization benefits
• Aluminium Battery foil plant at Aditya and Coated AC Fins plant at Taloja commissioned; FRP plant at Aditya scaling up to optimal production levels          
   

Copper (India)

• Copper metal sales at 105 KT, down 16%
• Copper Continuous Cast Rod (CCR) sales at 96 KT, down 8%
• Revenue at ₹17,232 crore, up 16%
• Record quarterly EBITDA at ₹918 crore despite a planned major smelter maintenance, backed by strong operational performance and higher realisation of by-products like sulphuric acid
• Copper Tubes and Inner Grooved Tubes plant fully operational and scaling up
• Copper and e-waste recycling project to commission in FY27