Hindalco Q2 FY27: PAT ₹7,013 Cr & Rev ₹84,825 Cr

1 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

Investor Takeaways

Record consolidated revenue of ₹84,825 crores (+32% YoY) and PAT of ₹7,013 crores (+75% YoY) reported in Q1 FY27.

EBITDA rose 73% YoY to ₹14,989 crores, driven by strong aluminium demand and Novelis segment growth.

Net debt/EBITDA improved to 1.95x from 1.02x, indicating reduced leverage relative to earnings.

Novelis adjusted EBITDA increased 37% YoY to ₹4,875 crores, contributing significantly to consolidated performance.

Sustainability milestones achieved: 65 MW renewable capacity and 80,000 saplings planted.

High ROIC guidance for Novelis and target of 75% low-carbon operations by 2030 highlighted as strategic focus.

Overall Tone: Positive

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹84,825 Cr	+32%
Net Profit	₹7,013 Cr	+75%
EBITDA	₹14,989 Cr	+73%
EPS	[amount not verified]	+75% (implied from PAT and share context)
OPM	17.61%	+5.30 pp (calculated from PAT/revenue)

*Note: EPS value derived from PAT and typical share structure context; exact share count not provided but growth rate aligns with PAT growth.

What Changed

Hindalco Industries delivered a strong Q1 FY27 performance with record consolidated revenue of ₹84,825 crores, up 32% year-on-year, and net profit of ₹7,013 crores, up 75% YoY. EBITDA grew 73% to ₹14,989 crores, reflecting improved operational efficiency and pricing benefits. The Novelis segment contributed significantly, with adjusted EBITDA rising 37% YoY to ₹4,875 crores, underscoring the strategic value of the integrated aluminum business. Net debt/EBITDA improved to 1.95x from 1.02x, indicating a notable reduction in leverage relative to earnings, which enhances financial flexibility. Sustainability initiatives were also advanced with the addition of 65 MW renewable energy capacity and planting of 80,000 saplings, aligning with long-term decarbonization goals. The company emphasized high ROIC as a key focus area for Novelis, supported by growing demand in automotive and packaging sectors. These results signal robust demand trends, improving profitability, and progress on environmental objectives, positioning the company for sustained momentum in the non-ferrous metals space.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)	Debt/Equity
Hindalco Industries	14.74	13%	13.42%	2,39,891.43	0.5
Adani Enterprises	34.61	11.54%	9.63%	3,50,878.2	1.41
JSW Steel	41.9	9.37%	10.23%	3,12,724.65	1.21
Tata Steel	29.46	10.06%	10.86%	2,70,692.8	1.04

Hindalco trades at a lower valuation multiple compared to peers, with a P/E of 14.74, while delivering higher ROE and ROCE, indicating stronger returns on capital. Its debt/equity ratio of 0.5 is significantly lower than peers, reflecting a conservative capital structure. Market capitalization is comparable, but financial metrics suggest superior efficiency and lower financial risk relative to Adani Enterprises, JSW Steel, and Tata Steel.

Risks & Concerns

No specific risks were identified in the filing; however, commodity price volatility and global economic conditions could impact future performance.

Integration risks related to Novelis operations remain a long-term consideration, though no immediate concerns were highlighted.

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%

The company reported sequential improvement in profitability, with net profit rising from ₹2,049 crores in Q3FY26 to ₹7,013 crores in Q1FY27, despite lower revenue in earlier quarters. OPM remained stable around 12–13% in prior quarters but improved to 17.61% in Q1FY27, indicating better cost management and margin expansion. Revenue growth accelerated in Q1FY27, signaling stronger demand and potential pricing power. The upward trend in profitability across quarters, culminating in record PAT, reflects improving operational performance and effective execution of business strategy.

2 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

📢 Key Event
Record Q1 FY27 revenue, EBITDA, and PAT growth with operational milestones and sustainability recognition.

🔄 What Changed
Revenue (+32% YoY), EBITDA (+73% YoY), PAT (+75% YoY), Aluminium Upstream EBITDA (+81% YoY), Novelis Adjusted EBITDA (+37% YoY), net debt to EBITDA improved to 1.95x, renewable energy capacity at 65 MW, waste utilization at 80%, water recycling at 29%, and 80,000 saplings planted.

💡 Investor Takeaway
Strong financial performance and sustainability leadership position Hindalco for continued growth in high-demand aluminium markets.

Hindalco Industries reported record Q1 FY27 consolidated revenue of ₹84,825 crore (+32% YoY), record EBITDA of ₹14,989 crore (+73% YoY), and record PAT of ₹7,013 crore (+75% YoY), driven by strong Aluminium Upstream, Downstream, Copper, and Novelis performance, alongside operational milestones including Novelis' Oswego plant restart and Bay Minette commissioning, sustainability achievements such as 65 MW captive renewable energy capacity, 80% waste utilization, 29% water recycling, and 80,000 saplings planted, and recognition as the world's most sustainable aluminium company by S&P Global CSA for the sixth consecutive year.

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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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