Hindalco Industries Limited (HINDALCO) — Financial Results | 11 February 2026(2 announcements)

Novelis Inc., Hindalco's wholly owned subsidiary, reported Q3FY26 net loss of $160 million versus $110 million prior-year income, driven by two fires at Oswego, New York facility causing $327 million pre-tax losses and 72 kilotonne shipment reduction. Net sales grew 3% to $4.2 billion, but adjusted EBITDA declined 5% to $348 million. Adjusted EBITDA per tonne improved 6% to $430. Parent company injected $750 million equity in December. Net leverage reached 3.7x; cost-efficiency savings target raised to $150+ million run-rate by FY26 exit.

Hindalco's subsidiary Novelis reported Q3FY26 net loss of $160 million (vs. $110 million profit prior year) following two fires at its Oswego, New York plant in September and November 2025. Despite disruptions, Adjusted EBITDA reached $348 million (down 5% YoY) with per-tonne metrics improving 6% to $430. The company received a $750 million equity infusion from parent Hindalco in December 2025 and is targeting $150+ million in FY26 cost savings. Nine-month net income declined to $99 million from $389 million prior year, with net leverage rising to 3.7x. Bay Minette greenfield plant in Alabama progresses toward commissioning in H2 CY2026.