About the company:
Hindalco Industries Limited is India’s largest integrated aluminum and copper producer and a flagship company of the Aditya Birla Group. Headquartered in Mumbai, it operates across aluminum, copper, and downstream value-added products. Hindalco is also the parent company of Novelis Inc., a global leader in aluminum rolling and recycling. The company has a strong presence in automotive, aerospace, packaging, and construction sectors, with a focus on sustainability, green metal production, and expanding recycling capabilities.
Business Segment Performance
Aluminum Business (India):
Record EBITDA of ₹4,222 Cr (+73% YoY) due to lower input costs & strong LME prices.
Shipments up 1% YoY, revenue up 25% YoY.
EBITDA per ton: $1,480 (+68% YoY).
Aluminum downstream EBITDA: ₹150 Cr (+36% YoY), shipments up 10% YoY.
Copper Business:
Metal shipments: 120 Kt (+1% YoY).
EBITDA: ₹777 Cr (+18% YoY), driven by higher byproduct realization & favorable macros.
Novelis Performance (Global Business):
Shipments: 904 Kt (-1% YoY).
EBITDA: $367 Mn (-19% YoY), impacted by higher aluminum scrap costs.
Bay Minette project on track for 2026 completion (600 Kt capacity).
Strategic & Expansion Updates
Coal Security for Cost Reduction:
Secured Meenakshi coal mine (12 MTPA) to improve self-sufficiency.
Expect 30% cost reduction in captive power plant fuel costs.
CAPEX & Growth Projects:
Aditya Alumina Refinery (850 KTPA, ₹8,000 Cr) & Copper Recycling Plant (₹2,700 Cr) under construction.
Aluminum Smelter (180 KTPA) & Copper Smelter Expansion (300 KTPA) awaiting clearance.
₹40,000 Cr investment planned over the next 3 years.
Sustainability & ESG Achievements:
Top 1% in S&P Global Sustainability Yearbook 2025 (highest aluminum sector ESG score).
Zero Waste to Landfill certification for 6 facilities.
Renewable capacity to reach 300 MW in 2025.
Market Outlook & Future Guidance
Aluminum Demand:
Global demand moderate, but India seeing 11% YoY growth.
Strong demand from solar, electric vehicles (EVs), and packaging sectors.
Copper Demand:
Domestic demand +4% YoY, supported by infrastructure & electrical segments.
TC/RC margins expected to decline, but premium product growth to offset impact.
FY26-FY27 Outlook:
Strong growth expected in Indian operations, led by value-added products.
Novelis margins to improve with cost efficiencies & recycling expansion.
Here is Hindalco Industries’ financial performance for the last three quarters (Q3FY25, Q2FY25, and Q1FY25):
| Metric | Q3FY25 | Q2FY25 | Q1FY25 |
|---|---|---|---|
| Revenue (₹ Cr) | ₹54,375 Cr | ₹52,847 Cr | ₹51,283 Cr |
| EBITDA (₹ Cr) | ₹8,100 Cr | ₹7,682 Cr | ₹7,205 Cr |
| EBITDA Margin | 14.9% | 14.5% | 14.1% |
| Profit After Tax (PAT) (₹ Cr) | ₹3,735 Cr | ₹3,468 Cr | ₹3,210 Cr |
| Net Debt (₹ Cr) | ₹41,818 Cr | ₹42,562 Cr | ₹43,112 Cr |
| Net Debt-to-EBITDA | 1.33x | 1.41x | 1.48x |
| Aluminum EBITDA (₹ Cr) | ₹4,222 Cr | ₹3,975 Cr | ₹3,682 Cr |
| Aluminum Shipments (KT) | 1,011 KT | 986 KT | 975 KT |
| Copper EBITDA (₹ Cr) | ₹777 Cr | ₹745 Cr | ₹720 Cr |
| Copper Shipments (KT) | 120 KT | 118 KT | 115 KT |
| Novelis EBITDA (USD Mn) | $367 Mn | $380 Mn | $395 Mn |
| Capex Investment (₹ Cr) | ₹2,350 Cr | ₹2,100 Cr | ₹1,875 Cr |
| Dividend Declared (₹/Share) | ₹5 | ₹4 | ₹4 |
Recent updates:
Financial Performance Highlights
Revenue: ₹54,375 Cr (+12% YoY)
EBITDA: ₹8,100 Cr (+28% YoY)
EBITDA Margin: 14.9% (vs. 13.2% in Q3FY24)
Profit After Tax (PAT): ₹3,735 Cr (+60% YoY)
Net Debt: ₹41,818 Cr (Net debt-to-EBITDA at 1.33x, below the industry average)
Cash Position: ₹1,952 Cr in India, with Novelis’ net debt at ₹44,716 Cr
Dividend Declared: ₹5 per share