India · Delayed Price · Currency is INR Hindalco Industries Earnings Call Transcripts
Fiscal Year 2026
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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 and net profit grew strongly year-on-year, with India’s aluminum and downstream businesses delivering record margins and Novelis progressing on cost reduction and U.S. expansion. Capital allocation remains disciplined, with leverage below 2x and major growth CapEx underway.
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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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The company is executing a $10 billion growth plan across India and Novelis, focusing on upstream and downstream expansion, sustainability, and digitalization. Novelis targets 75% recycled content and $600/ton EBITDA by 2030, while India investments drive high-value products and resource security.
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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.