Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, reported its highest-ever consolidated revenue and EBITDA for both the fourth quarter and full financial year ended March 31, 2026, supported by strong momentum across its India operations and steady operational progress at Novelis. For the fourth quarter of FY26, consolidated revenue rose 20 percent year-on-year to a record ₹78,133 crore, while consolidated EBITDA increased 9 percent to an all-time high of ₹11,197 crore. Profit after tax before exceptional items stood at ₹5,796 crore, reflecting a 10 percent increase over the corresponding quarter last year.
Reported quarterly PAT stood at ₹2,597 crore, impacted by disruptions at the Oswego plant following fire-related incidents. The impact was partially offset by improved operational efficiencies at Novelis and record profitability across Hindalco’s India businesses.
For the full financial year FY26, consolidated revenue reached a record ₹2,74,944 crore, representing a 15 percent increase year-on-year. Consolidated EBITDA for the year touched an all-time high of ₹38,097 crore, while PAT before exceptional items rose 10 percent to ₹18,733 crore. The company’s Board has recommended a dividend of ₹5 per equity share for FY26.
The India business delivered its strongest-ever annual performance across aluminium upstream, aluminium downstream and copper operations. Aluminium upstream EBITDA reached a record ₹18,884 crore for the year, while downstream EBITDA rose 55 percent to ₹978 crore. Copper EBITDA also touched record levels, supported by strong operational execution and favourable market conditions.
Satish Pai, Managing Director of Hindalco Industries, said the company’s India business continued to outperform through operational excellence, resource security and premium product innovation. He added that the company remains confident about accelerating expansion projects, including capacity additions in copper operations and at Aditya Aluminium. He also highlighted progress in downstream businesses, including scale-up of the flat rolled products facility at Aditya and the Chakan battery enclosure plant. Hindalco’s battery foil operations have also commenced supplies to global cell manufacturers, while the company’s copper recycling project is nearing commissioning.
At Novelis, adjusted EBITDA per tonne improved 10 percent to US$544 despite lower production volumes caused by the Oswego disruption. The company stated that the Oswego plant is expected to restart operations within the next few weeks, while commissioning at the Bay Minette cold mill project remains on track for completion during the second half of 2026.
Hindalco also announced continued recognition for its sustainability performance. The company has been included in the S&P Global Sustainability Yearbook 2026 and ranked among the top one percent of global aluminium companies for the sixth consecutive year based on environmental, social and governance performance.
Hindalco Industries Limited, a $28 billion global metals powerhouse, is the world’s largest aluminium company by revenue and the second-largest producer of copper rods outside China. The company operates across the entire value chain—from bauxite mining and alumina refining to aluminium smelting, rolling, and downstream products such as extrusions and foils.
Through its subsidiary Novelis Inc, Hindalco is a global leader in flat-rolled products and the world’s largest recycler of aluminium. In India, Hindalco is the leading copper producer, meeting over half of the nation’s demand through its state-of-the-art facility in Gujarat, which includes a smelter, refinery, downstream units, and a captive jetty.
With 48 manufacturing facilities across 10 countries, Hindalco maintains a strong international footprint. The company has been recognized as the world’s most sustainable aluminium producer on the Dow Jones Sustainability Indices (DJSI) for five consecutive years – 2020, 2021, 2022, 2023, and 2024.
