Hindalco Industries Limited — Investor Meet, 26-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Hindalco delivered Q4 FY26 consolidated adjusted PAT of INR 5,796 Cr (+10% YoY) and EBITDA of INR 10,812 Cr (+11% YoY). India Aluminium Upstream showed robust margins (48%, $1,756/ton EBITDA). India Copper hit a record INR 907 Cr EBITDA. Novelis' adjusted EBITDA was $498 million ($543/ton), demonstrating resilience with Oswego restarting and Bay Minette commissioning completing this year, targeting $600/ton long-term.

Strategic growth includes upstream aluminium smelter expansion and new coal mines. Downstream projects like battery foil and copper inner grooved tubes are advancing. With a healthy Net Debt-to-EBITDA of 1.83x, management expresses confidence in India's strong foundation and Novelis' FY27 recovery, pushing strategic expansions.