Hindalco Industries Limited — Investor Meet, 18-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Hindalco reported strong Q3 FY'26 results with consolidated EBITDA up 6% YoY to INR 8,762 Cr. Adjusted PAT, excluding Oswego fire impacts, rose 8% YoY to INR 4,051 Cr. India's Aluminum Upstream EBITDA surged 14% to INR 4,832 Cr ($1,572/ton), and Downstream EBITDA jumped 55% to INR 233 Cr. Copper EBITDA saw a 23% decline to INR 595 Cr due to lower TC/RCs. Novelis' adjusted EBITDA per ton climbed 22% to $495 despite Oswego fire disruptions, with the hot mill expected to restart late Q1 FY'27. Bay Minette facility is on track for completion this year. Consolidated Net Debt to EBITDA stands at a healthy 1.73x. Management projects robust growth for India business and confident deleveraging post-FY'27 for Novelis, aiming for $600/ton long-term EBITDA.