| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 78.1K | 17.5% | 20.4% |
| Total Income | 79.2K | 18.0% | 20.7% |
| Expenditure | 71.5K | 16.1% | 21.1% |
| PBT | 3.5K | 22.0% | 47.3% |
| Net Profit | 2.6K | 26.7% | 50.9% |
| OPM | 7.48% | 0.61pp | 6.15pp |
| NPM | 3.28% | 0.22pp | 4.78pp |
| EPS | 11.70 | 26.8% | 50.8% |
Hindalco FY26: Revenue ₹2,74,944 Cr, EBITDA ₹38,097 Cr
22 May 2026 · 22 May, 5:52 pm
Summary
Hindalco Industries Limited achieved its highest-ever consolidated Revenue and EBITDA for both the fourth quarter and the full year FY26, driven by a strong performance from its India business and steady recovery at Novelis. For Q4 FY26, consolidated revenue grew 20% to ₹78,133 crore, with EBITDA rising 9% to ₹11,197 crore. Full-year FY26 revenue reached a record ₹2,74,944 crore, up 15%, alongside an all-time high consolidated EBITDA of ₹38,097 crore. The company highlighted record performance across its Aluminium Upstream, Downstream, and Copper businesses in India, while Novelis's Adjusted EBITDA per tonne improved despite disruptions. Management noted that the Oswego plant is on track to restart, and the Bay Minette cold mill has begun commissioning.
Key Highlights
- 1
Hindalco reported a record quarterly consolidated Revenue of ₹78,133 crore for Q4 FY26, marking a significant 20% increase.
- 2
Consolidated EBITDA for Q4 FY26 reached an all-time high of ₹11,197 crore, representing a 9% growth year-on-year.
- 3
For the full year FY26, revenue stood at a record ₹2,74,944 crore, reflecting a 15% growth over the previous fiscal year.
- 4
Full-year consolidated EBITDA also achieved an all-time high of ₹38,097 crore for FY26.
- 5
Novelis Adjusted EBITDA per tonne improved by 10% to $544 in Q4 FY26, demonstrating disciplined cost optimization.
- 6
The Board recommended a dividend of 500% (₹5/share) for FY26.
- 7
Consolidated Net Debt to EBITDA increased to 1.83x as of March 31, 2026, compared to 1.06x a year ago.
Management Comments
Mr. Satish Pai
Hindalco delivered strong results, led by an outstanding performance by its India business while Novelis remains on track to restart the Oswego plant and commission Bay Minette. Consolidated revenue, EBITDA and PAT before one-time exceptional items reached all-time highs in both Q4 and the full year. Our India business delivered record performance across the Aluminium Upstream, Aluminium Downstream and Copper businesses, with EBITDA at a historic high of ₹22,671 crore for the full year. Over the last five years, Hindalco India has achieved an EBITDA CAGR of over 32% giving us the confidence to accelerate our expansion projects including doubling capacities in our Copper business, and at Aditya Aluminium.
Informational and educational content only. Not investment advice.