Hindalco Industries Reports ₹66,058 Crore Revenue, 13% YoY in Q2 FY26
Filing Summary
Hindalco Industries Limited announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2025. The company reported a consolidated revenue of ₹66,058 crore, marking a 13% increase year-over-year. The consolidated Profit After Tax (PAT) rose by 21% to ₹4,741 crore. The Aluminium Upstream segment achieved an EBITDA of ₹4,524 crore, reflecting a 22% increase. The company also announced the Aditya Aluminium Phase 2 expansion. The results highlight Hindalco’s operational performance and strategic initiatives in the aluminium and copper sectors.
Hindalco Industries Limited has released its unaudited financial results for the quarter and half-year ending September 30, 2025. The company reported a consolidated revenue of ₹66,058 crore for the quarter, representing a 13% increase compared to the same period last year. The consolidated Profit After Tax (PAT) stood at ₹4,741 crore, up 21% year-over-year. The Board of Directors approved these results during their meeting on November 7, 2025.
The financial performance was driven by strong contributions from the Aluminium and Copper segments. The Aluminium Upstream segment reported an EBITDA of ₹4,524 crore, a 22% increase, with industry-leading margins of 45%. The Aluminium Downstream segment achieved a record EBITDA of ₹261 crore, up 69% due to higher shipments and a favorable product mix. The Copper segment maintained an EBITDA of ₹634 crore, despite a challenging market environment with declining treatment and refining charges (TC/RCs).
Operational highlights include the Aluminium Upstream segment’s quarterly revenue of ₹10,078 crore, a 10% increase, driven by higher volumes and realizations. The Aluminium Downstream segment recorded sales of 113 KT, up 10%, with revenue reaching ₹3,809 crore, a 20% increase. The Copper segment reported metal sales of 113 KT and revenue of ₹14,563 crore, up 11% from the previous year.
Hindalco announced the Aditya Aluminium Phase 2 expansion, which will add 193 KT of capacity. The project is expected to be commissioned in FY29 with a project cost of ₹10,225 crore. Additionally, the Novelis Oswego plant is set to restart its hot mill in December 2025. Novelis, a subsidiary of Hindalco, reported shipments of 941 KT, with revenue at $4.7 billion, up 10% year-over-year.
The company’s consolidated net debt to EBITDA ratio was 1.23x as of September 30, 2025, compared to 1.19x a year ago. This reflects Hindalco’s focus on maintaining a strong balance sheet while pursuing strategic growth initiatives. The company continues to implement cost reduction initiatives, targeting over $125 million in run-rate savings by FY26 and $300 million by FY28.
Hindalco operates in the metals sector, focusing on aluminium and copper production. The company is part of the Aditya Birla Group and is recognized as the world’s largest aluminium company by revenue. It also ranks as the second-largest copper rod manufacturer outside China. Hindalco’s operations span the entire value chain, from mining to downstream processing, and it is a global leader in flat-rolled products and aluminium recycling.
Hindalco Industries Limited is a flagship company of the Aditya Birla Group, specializing in aluminium and copper production. It operates across the value chain, from bauxite mining to downstream processing. Hindalco is committed to sustainability and has been ranked as the world’s most sustainable aluminium company in the Dow Jones Sustainability Indices for five consecutive years.