Hindalco (HINDALCO) — Financial Results

1 Financial Results 🔴 High Importance ⚠️ Negative 📄 PDF

Novelis Inc., Hindalco's wholly owned subsidiary, reported Q2 FY26 net income of $163 million (up 27% YoY) on net sales of $4.7 billion (up 10% YoY). However, adjusted EBITDA declined 9% to $422 million, pressured by $54 million in tariff headwinds. A September fire at the Oswego plant caused estimated $550–650 million negative free cash flow impact for FY2026. Capital expenditures surged 27% to $913 million for six months, driven by the Bay Minette greenfield facility. Net leverage rose to 3.5x from 2.9x, with adjusted net debt at $5.8 billion.

2 Financial Results 🔴 High Importance ⚠️ Negative 📄 PDF

Novelis Inc., Hindalco's wholly-owned subsidiary, reported Q2 FY26 net income of $163 million (up 27% YoY), though adjusted EBITDA declined 9% to $422 million due to negative tariffs (-$54 million) and higher aluminum scrap costs, partially offset by improved pricing. Net sales grew 10% to $4.7 billion. The September 2025 Oswego plant fire caused $21 million Q2 charges, with hot mill restart expected December 2025. Capital expenditures reached $913 million (H1 FY26), supporting the Bay Minette greenfield facility. Net leverage stands at 3.5x with $2.9 billion total liquidity.

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About Hindalco Industries Limited (HINDALCO)

Metals & Mining · Non - Ferrous Metals · Listed on NSE

Market Cap: ₹2,39,891.43 Cr P/E: 14.7 ROE: 13.0% ROCE: 13.4%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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