| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 66.5K | 0.7% | 13.9% |
| Total Income | 67.1K | 0.5% | 13.9% |
| Expenditure | 61.6K | 2.6% | 15.1% |
| PBT | 2.8K | 56.7% | 46.5% |
| Net Profit | 2.0K | 56.8% | 45.1% |
| OPM | 8.09% | 5.21pp | 4.61pp |
| NPM | 3.06% | 4.04pp | 3.28pp |
| EPS | 9.23 | 56.8% | 45.1% |
Hindalco Sustains Growth Momentum Amid Global Volatility; Q3 FY26 Results Show 5% Increase in Consolidated EBITDA and 8% Increase in PAT Before Exceptional Items
12 Feb 2026 · 12 Feb, 5:26 pm
Summary
Hindalco Industries Ltd reported results for the quarter ended December 31, 2025. Consolidated EBITDA for the third quarter stood at ₹8,543 crore, up 5% from the same quarter last year, and PAT before exceptional Items increased to ₹4,051 crore, up 8% over the prior year quarter. India business continued to outperform, and Novelis registered an improvement of 6% in EBITDA per tonne despite lower volumes due to the Oswego disruption.
Key Highlights
- 1
Consolidated Revenue at ₹66,521 crore, up 14%
- 2
All-time high India business PAT at ₹3,581 crore, up 24%
- 3
Quarterly EBITDA at ₹24,832 crore for Aluminium Upstream, up 14%
- 4
Quarterly EBITDA at ₹2,233 crore for Aluminium Downstream, up 55%
- 5
Consolidated EBITDA at ₹28,543 crore, up 5%
- 6
Consolidated PAT before exceptional items at ₹74,051 crore, up 8%
- 7
Consolidated Net Debt to EBITDA at 1.73x as of December 31, 2025 vs 1.33x a year ago
- 8
Hindalco maintains leadership position for the 6th consecutive year in S&P Global Corporate Sustainability Assessment rankings 2025
Management Comments
Mr. Satish Pai
Managing Director, Hindalco Industries
Hindalco sustained its growth momentum amid global volatility, led by all-time high performance by its India business. This strength helped offset the impact of tariffs and the Oswego disruption, supported by disciplined cost management and operational efficiencies across segments. We made strong progress across our downstream portfolio with the commissioning and ramping up of key projects including Aditya FRP, battery foil, AC fin-coating, and Copper tubes, positioning us well for emerging growth opportunities. We have entered the next phase of growth with a clear roadmap to expand upstream capacities across alumina, aluminium and copper with aluminium capacity planned to scale up from 1.3 million tonnes to 1.7 million tonnes, and copper smelting capacity from 400 KT to 700 KT. Novelis’ underlying performance remains strong despite short-term capacity constraints from the Oswego disruption. The 600 KT Bay Minette project, on track for commissioning in the second half of FY27, will be a key growth driver. Sustainability remains central to our strategy, with Hindalco achieving the highest ESG score in the aluminium industry for the sixth consecutive year in the S&P Global CSA rankings.
Informational and educational content only. Not investment advice.