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MUMBAI, 22 May,2026: Hindalco Industries Limitedthe Aditya Birla Group metals flagship, today reported results for the quarter and year ended March 31, 2026. The company posted its highest-ever consolidated Revenue and EBITDA for both the quarter and the full year, driven by a record India business performance and a steady recovery at Novelis.

Consolidated EBITDA for the fourth quarter stood at ₹11,197 crore, up 9% from the same quarter last year. PAT before exceptional items rose to a record ₹5,796 crore in the fourth quarter, up 10% over the prior year period. Reported quarterly Net Profit was ₹2,597 crore compared to ₹5,284 crore in the same quarter last year impacted by the Oswego disruption, partially offset by cost efficiency benefits at Novelis and record quarterly profits by the India business.

India business maintained its outperformance, delivering its highest-ever quarter and full-year revenue, EBITDA and PAT. This performance was driven by favorable macro tailwinds and our strategic focus on resource security, premium product innovation and relentless operational excellence. Novelis recorded a 10% improvement in EBITDA per tonne despite lower volumes amid the Oswego disruption, reflecting disciplined cost optimization and the benefit of softer scrap prices.

Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,

“Hindalco delivered strong results, led by an outstanding performance by its India business while Novelis remains on track to restart the Oswego plant and commission Bay Minette. Consolidated revenue, EBITDA and PAT before one-time exceptional items reached all-time highs in both Q4 and the full year. Our India business delivered record performance across the Aluminum Upstream, Aluminum Downstream and Copper businesses, with EBITDA at a historic high of ₹22,671 crore for the full year.

Over the last five years, Hindalco India has achieved an EBITDA CAGR of over 32% giving us the confidence to accelerate our expansion projects including doubling capacities in our Copper business, and at Aditya Aluminium.

Our Downstream portfolio continues to scale up the new 170-KTPA flat rolled products facility at Aditya and the Chakan battery enclosure plant, while the battery foil plant at Aditya is beginning supplies to global cell manufacturers. Our copper recycling project is nearing commissioning, and the Inner Grooved Tube Plant is progressing well. Novelis demonstrated strong underlying business momentum with adjusted EBITDA at $544 per tonne despite lower volumes.

Our sustainability journey gained global recognition with Hindalco ranking in the top 1% of the S&P Global Sustainability Yearbook 2026 backed by a100 percentile score across all ESG parameters.”

Advancing Sustainably

Hindalco has been included in the S&P Global Sustainability Yearbook 2026, a leading global benchmark covering over 9,000 companies. Inclusion is limited to top performers within each industry and reflects sustained ESG leadership. Hindalco ranked in the top 1% of the global Aluminum industry for the sixth consecutive year and is one of only 11 Indian companies across sectors to feature in the Yearbook.

This performance is driven by 100th percentile scores across environmental criteria including Waste and Pollutants, Water and Biodiversity; social criteria including Human Rights and Human Capital Management; and governance criteria spanning Transparency and Reporting, Business Ethics, and Supply Chain Management.

• Revenue at $4.8 billion, up 4%, driven by higher metal prices
• Adjusted EBITDA at $459 million, down 3%, due to lower volumes, and impact of tariffs and Oswego disruptions
• Exited FY26 with cost take-out savings of more than $125 million
• Oswego hot mill to begin commissioning ahead of schedule
• US greenfield plant in Bay Minette began commissioning the cold mill in March 2026 and hot mill is expected to commission in the second half of 2026

*As per US GAAP

Aluminum (India)

Aluminum Upstream:

• Quarterly Upstream revenue at ₹11,418 crore, up 11%
• Record Aluminum quarterly Upstream EBITDA at ₹5,448 crore, up 13%, driven by favorable macros and stronger operational performance
• All time high quarterly Aluminum Upstream EBITDA per tonne at $1,756, up 4%
• Aluminum Upstream continues to deliver robust EBITDA margins, at 48%
• All Upstream expansion projects progressing well
• Chakla coal mines received Forest Clearance-1 approval while the Bandha coal mine completed its first box cut in Q4

Aluminum Downstream:

• Sales of Aluminum Downstream stood at 124 KT, up 18%
• Downstream revenue was ₹4,867 crore, up 35%
• All-time high quarterly Aluminum Downstream EBITDA at ₹255 crore, up 16% supported by favorable product mix and higher shipments
• Downstream EBITDA per tonne at $226, down 6% as Aditya FRP plant is ramping up to its optimal levels
• Aditya Battery foil is now commissioned, Coated AC Fins facility has begun commissioning, while Aditya FRP is scaling up production to optimal levels.

Copper (India)

Copper metal sales at 128 KT, down 5%

• Record Copper Continuous Cast Rod (CCR) sales at 91 KT, up 11%
• Revenue at ₹22,156 crore, up 52%
• Record quarterly EBITDA at ₹907 crore, despite declining TC/RCs offset by strong operational performance and higher realization in by-products like sulfuric acid
• Copper Tubes and Inner Grooved Tubes plant is ramping up to full capacity
• Copper recycling project to be commissioned in H1 FY27

Awards and Recognition

• Hindalco recognized among India’s Top 10 Best Workplaces in Health and Wellness by Great Place to Work
• Hindalco wins AmbitionBox Employee Choice Awards (Large Companies) for the fourth time
• Hindalco Copper, Dahej wins the IMC RBNQ Performance Excellence Award
• Aditya Aluminum wins the ‘Energy Efficient Unit Award’ at the CII National Awards
• Gare Palma mines and Baphlimali mines rated ‘5-star’ by the Government of India, for mines safety, environmental management, and operational excellence
• Utkal Alumina received the CII National Award for Excellence in Water Management ‘Beyond the Fence’