Hindalco Q2 FY27: PAT ₹164 Cr & Rev ₹5,800 Cr

1 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

Investor Takeaways

Revenue reached ₹5,800 Cr, reflecting a 23% YoY increase driven by Novelis subsidiary performance

Net profit surged 71% YoY to ₹164 Cr, supported by strong operational recovery and margin expansion

Adjusted EBITDA rose 24% YoY to $516 million, with EBITDA per tonne increasing 30% to $563

$2.1 billion liquidity position maintained with $350-400 million cost savings target by FY28

⚠️ No specific risks identified in this filing

Overall Tone: Positive based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹5,800 Cr	+23%
Net Profit	₹164 Cr	+71%
EBITDA	$516 million	+24%
EBITDA per tonne	$563	+30%
EPS	₹9.23	+13.5% (Q3FY26)

What Changed

The filing highlights significant growth in Novelis's Q1 FY27 performance, with net sales increasing 23% YoY to $5.8 billion and net income rising 71% YoY to $164 million. Adjusted EBITDA grew 24% YoY to $516 million, while EBITDA per tonne improved 30% to $563, indicating enhanced operational efficiency. The restart of the Oswego hot mill in early June 2026, supported by $300 million in insurance recoveries, contributed to this recovery. The company maintained a strong liquidity position of $2.1 billion and reaffirmed its target of $350-400 million in total cost savings by FY28. These results reflect a positive shift in operational momentum and financial performance compared to previous quarters, where revenue and profit trends showed stability but not the same level of growth acceleration.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Hindalco Industries Limited	14.74	13%	13.42%	2,39,891.43
Adani Enterprises Limited	34.61	11.54%	9.63%	3,50,878.2
JSW Steel Limited	41.9	9.37%	10.23%	3,12,724.65
Tata Steel Limited	29.46	10.06%	10.86%	2,70,692.8

Hindalco trades at a lower valuation multiple compared to peers, with a P/E ratio of 14.74 versus Adani Enterprises (34.61), JSW Steel (41.9), and Tata Steel (29.46). Its ROE (13%) and ROCE (13.42%) exceed those of Adani Enterprises, JSW Steel, and Tata Steel, indicating stronger asset efficiency. The company also maintains a conservative debt-to-equity ratio of 0.5, below all peers, suggesting a more stable capital structure.

Risks & Concerns

No specific risks identified in this filing

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q3FY26	66,521	2,049	12.02
Q2FY26	66,058	4,741	13.57
Q1FY26	64,232	4,004	12.31
Q4FY25	64,890	5,284	13.62

2 Financial Results 🔴 High Importance Neutral 📄 PDF

🔄 What Changed
23% YoY net sales growth; 30% YoY increase in adjusted EBITDA per tonne; $225M cost savings achieved toward $350-400M FY28 target

🔮 What's Next
Targeting $350-400 million in cost savings by FY28; positive free cash flow expected in Q4 FY27

💡 Investor Takeaway
Cost efficiency gains are offsetting operational disruptions, supporting long-term deleveraging and margin expansion

Hindalco Industries reported Q1 FY27 results showing net sales of ₹5,800 crores, up 23% YoY, with adjusted EBITDA rising 30% to ₹563 per tonne. The company achieved $225 million in cost savings and expects $350-400 million by FY28. Rolled product shipments held at 916kt despite Oswego fire disruptions, while segment growth varied across regions. Liquidity stands at $2,100 crores with a net leverage ratio of 3.7x.

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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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