Hindalco Industries, an Aditya Birla Group-owned firm, posted a 21.28% rise in consolidated net profit to Rs 4,741 crore in Q2FY26 as compare to Rs 3,909 crore in Q2FY25.
Hindalco Industries, one of India’s largest aluminium and copper producers, reported revenue of Rs 66,058 crore, up 13.5% from Rs 58,203 crore in Q2FY25.
Consolidated EBITDA for the second quarter stood at Rs 9,684 crore, up 6% from the same quarter last year.
Key highlights from Hindalco’s Q2FY26
The company noted that the robust results were driven by a strong performance by the India business, and a resilient
performance by Novelis.
Hindalco’s aluminium upstream business continued to lead the company’s performance with quarterly EBITDA rising 22% year-on-year to Rs 4,524 crore. Revenue from this segment increased 10% to Rs 10,078 crore. The company achieved industry-best margins of 45%, with EBITDA per tonne rising 13% to $1,521.
The downstream aluminium segment delivered a record performance during the quarter. Its EBITDA jumped 69% year-on-year to Rs 261 crore on the back of higher shipments and a better product mix. Revenue from the downstream business rose 20% to Rs 3,809 crore.
Aditya Aluminium Phase 2 expansion
The company announced the second phase of its Aditya Aluminium expansion project with an additional capacity of 193 KT. The project, with an investment of Rs 10,225 crore, is expected to be commissioned by FY29.
Novelis remains resilient
Novelis, Hindalco’s US-based subsidiary, maintained stable shipment volumes at 941 KT, broadly flat compared to last year. Revenue rose 10% to $4.7 billion, while adjusted EBITDA declined 9% to $422 million due to the impact of tariffs.
Novelis aims to achieve cost savings of over $125 million on a run-rate basis by FY26 and $300 million by FY28. The company’s Oswego plant in the US is set to restart its hot mill in December 2025.