Hindalco Industries reported strong FY26 results with revenue at ₹274,944 crore and PAT of ₹13,391 crore. The company recommended a ₹5 per share dividend and is proceeding with significant capacity expansions.
Hindalco Industries Reports Strong FY26 Performance
Hindalco's consolidated revenue reached ₹274,944 crore for the financial year ending March 31, 2026, with a consolidated Profit After Tax (PAT) of ₹13,391 crore.
Reader Takeaway: Record India EBITDA and expansion plans offer growth; Oswego fire impact is a short-term concern.
What just happened
Hindalco Industries announced its full-year financial results for FY2025-26. Consolidated revenue stood at ₹274,944 crore, and consolidated EBITDA was ₹38,097 crore. The company's consolidated Profit After Tax (PAT) was ₹13,391 crore.
Why this matters
These results demonstrate Hindalco's resilience, with strong performance from its India business and a record EBITDA of ₹22,671 crore. Novelis recorded an adjusted EBITDA of $1.6 billion. The company also recommended a final dividend of ₹5 per equity share.
The backstory
The reported profit includes exceptional expenses of ₹6,963 crore due to fire incidents at its Oswego, New York plant. This impacted property, plant, and equipment, inventory, and incurred fulfilment costs, partially offset by insurance recoveries.
What changes now
Hindalco is moving forward with significant expansion projects. Aluminium upstream capacity is targeted to reach 1.71 million tonnes by FY 2028-29, and copper smelter capacity will increase from 421 KT to 721 KT by FY 2028-29. The Novelis Bay Minette facility is expected to be fully commissioned in the second half of calendar year 2026.
Risks to watch
Key watch points include commodity price volatility affecting aluminium, copper, and coal prices, which impact operational costs. Operational risks, highlighted by the Oswego fire incidents, can lead to financial impacts and production disruptions.
Peer comparison
While specific peer financials for FY26 are not detailed here, Hindalco's focus on expansion and managing operational challenges positions it within the competitive global metals and mining sector.
Context metrics (time-bound)
Consolidated Revenue (FY26): ₹274,944 crore (vs ₹238,496 crore in FY25)
Consolidated EBITDA (FY26): ₹38,097 crore
Consolidated PAT (FY26): ₹13,391 crore
India Business EBITDA (FY26): ₹22,671 crore (record)
Novelis Adjusted EBITDA (FY26): $1.6 billion
Dividend Recommended: ₹5 per equity share
Debt-to-EBITDA ratio: 1.83x
What to track next
Investors will be watching the commissioning of the Novelis Bay Minette facility and the integration of the Bandha Coal Mine. The 67th Annual General Meeting on July 23, 2026, will provide further updates.