Hindalco Industries Limited · NSE:HINDALCO
Hindalco Industries — Q2 FY27 Earnings Presentation
36 slides from Hindalco Industries's earnings presentation, Nov 6, 2026
Slide 1: Earnings Presentation Q2 FY27
HINDALCO Earnings Presentation Q2 FY27 06th November 2026
Slide 2: Safe harbor statement
Safe harbor statement Forward-looking statements Certain statements in this report may be ‘forward-looking statements’ within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a differe
Slide 3: Contents
Contents Safety & Sustainability Updates Business Environment Financial Performance Key Summary Hindalco Q2 FY27 – Earnings Presentation 3
Slide 4: Safety & Sustainability Updates
Safety & Sustainability Updates 4
Slide 5: Zero Harm: Our commitment to health & safety
Safety & Sustainability Updates Hindalco (India) Business Aditya Alumina Refinery received Zero Harm: Lost Time Injury Frequency Rate (LTIFR) the British Safety Council Award 2026, recognizing its Our commitment to Occupational Health & Safety. commitment 0.27 0.22 0.18 0.21 0.16 to health & Q2FY26
Slide 6: Driving circularity through responsible waste recycling
Safety & Sustainability Updates Hindalco (India) Business Driving Total waste utilization at 62% in Q2FY27, impacted by monsoons circularity % Recycling of Ash 125 through 96 105 95 77 Impacted by higher rainfall at certain plants and responsible temporary logistical challenges waste Q2FY26 Q3FY26 Q
Slide 7: Conservation of precious water resources
Safety & Sustainability Updates Hindalco (India) Business Specific freshwater Consumption* (m3/T metal) (incl. Power plant, Refineries, Smelters and Downstream operations) Conservation Aluminium Business of precious water 41.37 36.68 37.86 33.49 Recycling rate of 33% vs 30% in Q2FY26 resources 28.75
Slide 8: Driving Conservation Efforts to Sustain Biodiversity
Safety & Sustainability Updates Hindalco (India) Business Cumulative Tree plantation (Nos in Million) 6.80 Driving 5.41 6.26 Conservation 4.88 4.05 ~0.54 million saplings planted, including Efforts to Sustain Miyawaki plantations Biodiversity Mar-23 Mar-24 Mar-25 Mar-26* Sep-26* Conservation program
Slide 9: Steady transition towards greener energy mix
Safety & Sustainability Updates Hindalco (India) Business Installed Renewable energy capacity (MW) 884 Steady 643 transition 470 towards 292 greener 189 Solar +53 energy mix Wind +120 FY25 H1 FY26 FY26 H1FY27 FY27 (Exit) Mar-25 Sep-25 Mar-26 Sep-26 Mar-27 (Exit) Solar 138 Solar 188 Solar 326 Solar 3
Slide 10: Economy & Industry Updates
Economy & Industry Updates 10
Slide 11: Economy Updates
Economy & Industry Updates Economy Updates Global GDP growth is projected to moderate from 3.5% in 2025 to 3.1% in 2026, before recovering to 3.4% in 2027. The world economy remains resilient but fragmented amid GLOBAL (GDP Growth YoY) geopolitical tensions and uneven benefits from AI-driven investm
Slide 12: LME Trends
Economy & Industry Updates LME Trends Aluminium LME ($ / tonne) 3,576 3,227 3,071 2,772 2,526 FY25 (yearly avg) FY26 (yearly avg) Q1 FY27 Q2 FY27 Q3 FY27 (till date) Q2 FY27 Trends : Market Supply: Global production: -1% (Q2 FY27 vs Q2 FY26) • China: Increase in Yunnan offset by Shandong closures •
Slide 13: Domestic aluminium demand & supply
Economy & Industry Updates Domestic (Kilo Tons) aluminium 1,643 1,555 1,457 1,735 demand & 1,427 444 447 439 400 316 supply 527 505 394 480 556 Other Imports Scrap (Imports) Domestic primary 669 662 631 735 612 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 E In Q2 FY27, the total Indian demand is likely t
Slide 14: Domestic copper demand & supply
Economy & Industry Updates Domestic (Kilo Tons) copper 398 380 383 359 388 Imports Refined demand & 80 76 54 39 59 Scrap (Domestic & Import) Domestic Refined supply 161 152 145 145 183 Key Macro Drivers 184 175 (Q2 FY27 vs Q2 FY26) 157 152 146 S. Acid Price TC/RC Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 F
Slide 15: Quarterly Financial Snapshots
Quarterly Financial Snapshots 15
Slide 16: Financial Snapshot
Quarterly Financial Snapshots Financial Q2 FY27 vs Q2 FY26 Snapshot All Businesses Consolidated (₹ Crore) Hindalco (India) Businesses (₹ Crore) 91,708 39% 13,869 52% 7,533 59% * 36,123 42% 9,011 66% 5,852 91% # Revenue Business Segment PAT EBITDA Revenue Business Segment PAT EBITDA Q2 FY26 66,058 9,
Slide 17: Non-LME business growth accelerating
Consolidated Financial Performance Non-LME linked EBITDA(₹ Crore) Non-LME Non-LME linked EBITDA (₹ crore) YoY growth Non-LME linked business business +60% +50% defined as Novelis, Copper and +37% Aluminium downstream whose growth +30% earnings have low correlation accelerating 0% -2% +9% All-time wi
Slide 18: Financial Snapshot
Quarterly Financial Snapshot- Hindalco (India) Business Particulars UOM Q2 FY26 Q2 FY27 Change YoY Aluminium Upstream Shipments Kt 341 345 1% Revenue ₹ in Cr 10,078 13,364 33% Business Segment EBITDA ₹ in Cr 4,524 7,009 55% EBITDA/t $/ton 1,521 2,125 40% Aluminium Downstream Financial Shipments Kt 1
Slide 19: P&L: Consolidated Key Metrics
Consolidated Financial Performance Revenue (₹ Crore) Business Segment EBITDA (₹ Crore) 176,533 27,349 P&L : 130,290 17,643 ↑ 52% on account of ↑ 39% resilient through cycle 84,825 91,708 supported by 13,480 13,869 Consolidated performance with 66,058 favorable 9,104 value added business macros EBITD
Slide 20: Disciplined Capital Allocation
Consolidated Performance Disciplined Capital Allocation (₹ Crores) Net Debt/EBITDA (Consolidated) 3,091 80,435 20,719 64,841 1.83 1.95 1.73 1.80 2,015 -10,231 1.23 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 ROCE (Consolidated) # Net Debt Net Inflow Oswego Impact ^ Capex Others* Net Debt 31st Mar'26 from (ne
Slide 21: Segment wise Performance
Segment wise Performance 21
Slide 22: Novelis Operational and Financial Performance
Operational and Financial Performance Hindalco Q2 FY27 – Earnings Presentation Novelis Total Shipments Adjusted EBITDA# Novelis (Kt) ($ Million) aluminium 1,904 1,835 ↓ 2% YoY, Higher upstream beverage packaging and 1024 838 ↑ 20% YoY, incl. $39 Mn aerospace shipments in Oswego insurance 941 916 919
Slide 23: Aluminium Upstream Performance
Operational and Financial Performance Hindalco Q2 FY27 – Earnings Presentation Hindalco (India) Business Shipments*(KT) Sales Mix (in %) novelis 666 680 Domestic Export Aluminium 25% 23% 21% 24% 22% Upstream 341 335 345 ↑ 1% backed by continued strong Domestic sales mix steadily improved to 79% alum
Slide 24: Aluminium Downstream Performance
Operational and Financial Performance Hindalco Q2 FY27 – Earnings Presentation Hindalco (India) Business Shipments (KT) novelis 223 FRP and Foils Extrusion Product Mix (KT) aluminium 214 upstream 214 223 ↑ 6%, in line with 119 45 Extrusion ↑ 9% YoY 113 104 continued domestic 44 119 FRP & foils↑ 5% A
Slide 25: Copper Performance
Operational and Financial Performance Hindalco Q2 FY27 – Earnings Presentation Hindalco (India) Business novelis 237 221 Shipments: Metal (KT) CC Rod Shipments (KT) aluminium upstream 201 192 116 Overall shipments ↑ 10% Flat QoQ 113 105 QoQ aluminium 97 96 96 downstream Copper Q2 Q1 Q2 H1 H1 FY26 FY
Slide 26: Key Summary
ADITYA BIRLA HINDALCO
Slide 27: Novelis Guidance and Updates
Key Summary Hindalco Q2 FY27 – Earnings Presentation Novelis By 2030 Highly Circular Reach 75% average recycled content across our products Low Carbon Reduce emissions to less than 3 tonnes of CO2e per Tonne of FRP shipped Leader in ROIC Advancing Aluminium as the material of choice with circular so
Slide 28: India Growth Strategy and Projects
India Growth Strategy and Projects Hindalco Q2 FY27 – Earnings Presentation India Business Downstream Upstream Aluminium Aluminium Double Down Copper 4x by FY30 Copper Specialty Alumina Recycling Total Capacity Business Key Projects Expected Key Projects (KTPA) post Segments Under Execution (FY26-29
Slide 29: Thank You
THANK YOU HINDALCO Hindalco Industries Limited Corporate Identity No. : L27020MH1958PLC011238 For Further Queries Please Contact : Subir Sen, Investor Relations Telephone +91 22 6662 6666 E mail: hilinvestors@adityabirla.com Website: www.hindalco.com Registered Office 21st Floor, One Unity Centre, S
Slide 30: Annexures
Annexures 30 30
Slide 31: Consolidated: Key Financials
Consolidated : Key Financials Hindalco Q2 FY27 – Earnings Presentation Novelis, Aluminium and Copper Businesses Change Change Change Particulars (₹ Crore) Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 YoY % QoQ % YoY % Revenue from Operations 66,058 84,825 91,708 39% 8% 130,290 176,533 35% Earning Before
Slide 32: Hindalco (India) Business: Key Financials
Hindalco (India) Business : Key Financials Hindalco Q2 FY27 – Earnings Presentation YOY QoQ Particulars (₹ Crore) Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 Change % Change % Change% Revenue from Operations 25,494 30,985 36,123 42% 17% 50,399 67,108 33% EBITDA Aluminium Upstream 4,524 7,390 7,009 55% -
Slide 33: Aluminium Sales Reconciliation
Aluminium (India) Business : Sales Reconciliation Hindalco Q2 FY27 – Earnings Presentation Hindalco (India) Business Aluminium Sales Reconciliation Particulars (in Kt) Q2 FY26 Q1 FY27 Q2 FY27 H1FY26 H1FY27 Upstream - Sales Third Party (A) 227 219 233 446 452 Intersegment Sales 113 116 112 220 228 To
Slide 34: Alumina Production Trend
Operational and Financial Performance Hindalco Q2 FY27 – Earnings Presentation Hindalco (India) Business Alumina Production Alumina(Incl Utkal)* (KT) Trend 1,884 1,923 Q2 FY27 ↑ 6% 926 943 980 Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 Production at Utkal Alumina refinery was at 670 KT in Q2 FY27, ↑ 3%
Slide 35: Production Trends
Operational and Financial Performance Hindalco Q2 FY27 – Earnings Presentation Hindalco (India) Business Production 668 672 Aluminium 240 Aluminium Trends 221 Upstream (KT)1 Downstream# (KT) 336 334 338 Q2 FY27 in line with 126 116 114 ↑ 9% led by FRP previous year Q2 Q1 Q2 H1 H1 FY26 FY27 FY27 FY26
Slide 36: Q2 FY27: Hindalco Earnings Concall Details
Q2 FY27 : Hindalco Earnings Concall Details Earnings Conference Call is scheduled at 4:30 PM (IST) on Nov6th , 2026. The dial in numbers for the call are given below Location: ACCESS NUMBER Universal Access (India) Primary Number (+) 91 22 6280 1303 Secondary Number (+) 91 22 7115 8204 International