India · Delayed Price · Currency is INR Hindalco Industries Earnings Call Transcripts
Fiscal Year 2026
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Strong YoY EBITDA growth driven by resilient India operations and record copper margins, despite a one-off impact from the Oswego fire. Strategic investments in capacity and sustainability continue, with Novelis and India businesses on track for expansion and cost reduction.
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Consolidated EBITDA rose 6% year-on-year, with India business delivering record profit and Novelis showing strong adjusted EBITDA despite Oswego fire impacts. Net debt to EBITDA remains low, CapEx is robust, and both aluminum and copper demand in India outpace global trends.
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Consolidated EBITDA grew 6% and net profit 21% year-on-year, with India aluminum and Novelis segments delivering strong operational performance. CapEx and expansion projects remain on track, with leverage well below 2x and robust cash generation supporting future growth.
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Consolidated net profit rose 30% year-over-year, with record aluminium downstream EBITDA and strong operational efficiency. Novelis faced margin pressure from tariffs and scrap prices but expects improvement in the second half of FY 2026. Key expansion projects and disciplined capital allocation support long-term growth.
Fiscal Year 2025
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Record quarterly EBITDA and net profit driven by strong Indian operations, robust cost discipline, and value-added product growth. Novelis faced margin pressure from tariffs and scrap costs, while major expansion projects and resource security initiatives progressed on track.
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Revised summary: The event outlined a bold transformation toward innovation-led, sustainable engineering, with $10 billion in growth investments across India and Novelis. Key initiatives include expansions in aluminum, copper, and specialty alumina, digitalization, ambitious sustainability targets, and strong financial discipline.
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Record quarterly EBITDA and net profit driven by strong Indian operations, cost control, and favorable market conditions. Major CapEx and expansion projects are on track, with significant progress in sustainability and resource security. Global and domestic demand outlook remains robust despite some macroeconomic risks.
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Consolidated EBITDA rose 49% and net profit 78% year-on-year, driven by strong India aluminum and copper performance, while Novelis faced margin pressure from higher scrap prices. Major brownfield expansions and renewable projects are on track, with robust demand outlook in India and ongoing mitigation for global scrap market headwinds.
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Q1 FY25 delivered strong YoY growth in EBITDA and net profit, led by robust Novelis, Indian Aluminum, and record Copper performance. Major expansion and sustainability projects are on track, with a solid balance sheet supporting future growth.