Hindalco Rides Aluminium Surge: Profit Outlook Shines Bright!

Profit Momentum

Hindalco reported robust Q2 FY26 results with consolidated net profit up 21% YoY to ₹4,741 crore, surpassing estimates, driven by 5.6% higher aluminium prices and 8.2% copper gains. India aluminium upstream EBITDA soared 22% to ₹4,524 crore, while downstream hit record ₹261 crore, up 69%.​

Expansion Edge

Strategic moves include Aditya Smelter Phase 2 (+180 Kt capacity) and $5B Novelis Bay Minette upgrade, targeting ₹4,000 crore downstream EBITDA by FY30. Integrated operations cushion volatility, with festive demand hitting ₹6T record and green initiatives advancing.​

Key Highlights

Q2 Surge: Profit +21% YoY; revenue +13% to ₹64,232 Cr.​

Aluminium Boost: Upstream EBITDA +22%; downstream +69%.​

Price Tailwinds: LME Al +5.6%, Cu +8.2% YoY.​

Growth Plans: ₹102B Odisha investment; leverage <2x.​

Outlook: Festive volumes, EV/auto demand fuel H2 gains.​

Sources: Outlook Business, Economic Times, Alcircle, ScanX