Hindalco Industries Limited · NSE:HINDALCO
Hindalco Industries — Q4 FY26 Earnings Presentation
40 slides from Hindalco Industries's earnings presentation, May 22, 2026
Slide 1: Stock exchange filing cover letter for investor presentation
May 22, 2026 BSE Limited National Stock Exchange of India Limited Luxembourg Stock Exchange Scrip Code: 500440 Scrip Code: HINDALCO Scrip Code: US4330641022 Sub: Investor Presentation - Standalone and Consolidated Audited Financial results for quarter and year ended March 31, 2026. Ref: a. Regulatio
Slide 2: Hindalco Earnings Presentation Q4 FY26
HINDALCO Earnings Presentation/ Q4 FY26 22nd May 2026 This is an AI Generated Image 1 Disclaimer: This presentation contains confidential and proprietary information. It is intended solely for the recipient(s) named and may not be reproduced, distributed, or disclosed to any other party without the
Slide 3: 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 4: Contents
Contents Safety & Sustainability Updates Business Environment Financial Performance Key Summary Hindalco Q4FY26 – Earnings Presentation 3
Slide 5: Safety & Sustainability Updates
Safety & Sustainability Updates 4
Slide 6: Strengthened leadership position; in top 1% in S&P Global Yearbook 2026
Safety & Sustainability Updates Hindalco: Global Sustainability leader and in S&P Global Yearbook 2026 Strengthened INDUSTRY RANKINGS 2026 S&P Global Sustainability Yearbook released Feb 2026 leadership Score 2026 Score 2025 position; 11 Top 1% Hindalco Industries Limited 89 87 in top 1% in the S&P
Slide 7: Zero Harm: Our commitment to safety
Safety & Sustainability Updates Hindalco (India) Business Lost Time Injury Frequency Rate Zero Harm: (LTIFR) Developed 295 safety SMEs, improving Our 0.25 0.22 0.26 0.23 effectiveness of risk controls commitment 0.6 million+ line-management safety interventions sustained an ALARP risk to health & en
Slide 8: Driving circularity through responsible waste recycling
Safety & Sustainability Updates Hindalco (India) Business Total waste utilization was at 88% in FY26 vs 85% in FY25 Driving circularity % Recycling of Ash 109 108 through 102 106 Ash utilization increased at Aditya, Renusagar responsible and Utkal driven by higher demand from cement industries and o
Slide 9: Conservation of precious water resources
Safety & Sustainability Updates Hindalco (India) Business Specific freshwater Consumption (m3/T metal) Conservation Reduced specific freshwater consumption through several initiatives like ZLD adoption, cooling tower optimization and others of precious water Aluminium resources 51.5 50.7 50.0 19.86
Slide 10: Driving conservation efforts to sustain biodiversity
Safety & Sustainability Updates Hindalco (India) Business No Net Loss Biodiversity Offsite Projects ~1.3 lakh mangrove saplings planted for coastal protection near Birla Copper Dahej Driving 0.2 lakh saplings planted in 11 ha offsite Aditya Aluminium conservation 8.7 lakh saplings planted across min
Slide 11: Steady transition towards greener energy mix
Safety & Sustainability Updates Hindalco (India) Business 65 MW RE RTC operationalised at Aditya Aluminium - 1st of its kind in India in C&I space Steady Q4 FY26 (Exit) Q1 FY27 Q1 FY27 transition towards greener energy mix 470 MW (190 MW in FY25 exit) 53 MW 523 MW • Solar: 326 MW • Wind: 53 MW • Sol
Slide 12: Economy & Industry Updates
Economy & Industry Updates 11
Slide 13: Economy Updates
Economy & Industry Updates Economy Updates GLOBAL (GDP Growth YoY) Global GDP growth is projected at 3.1% in 2026 and 3.2% in 2027, marking a modest slowdown from recent years amid heightened geopolitical risks. 3.8 At the same time, global inflation is projected to 3.5 pause its disinflation trajec
Slide 14: LME Trends
Economy & Industry Updates LME Trends Conflict in West Asia Aluminium LME ($ / tonne) 3,600+ 3,195 2,828 2,573 2,629 2,617 2,519 2,383 2,447 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 (Till date) Q1 CY26 Trends : Impact of Conflict: Market Supply: Global production: +2%
Slide 15: Domestic aluminium demand & supply
Economy & Industry Updates All figures in Kilo Tons Domestic 6,201 aluminium 1,442 1,643 1,555 1,561 4,968 5,538 1686 demand & 1,426 1254 447 439 473 1006 supply 322 327 1872 1790 527 1733 419 445 505 394 2494 2644 684 669 669 612 694 2230 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26E FY24 FY25 FY26 In Q
Slide 16: Domestic copper demand & supply
Economy & Industry Updates All figures in Kilo Tons 1,555 Domestic 1,299 copper 1,208 603 demand & 448 397 377 423 423 402 supply 364 290 224 145 240 161 152 145 113 37 81 80 54 76 627 662 571 187 170 157 152 184 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26E FY24 FY25 FY26 In Q4 FY26, refined market dema
Slide 17: Quarterly Financial Snapshots
Quarterly Financial Snapshots
Slide 18: Financial Snapshot Q4FY26 vs Q4FY25
Quarterly Financial Snapshots Financial Q4FY26 vs Q4FY25 Snapshot All Businesses Consolidated (₹ Crore) Hindalco (India) Businesses (₹ Crore) 78,133 20% 10,812 11% 2,597* 51% 35,016 34% 6,610 17% 3,549 11% Revenue Business Segment PAT EBITDA Revenue Business Segment PAT EBITDA Q4 FY25 64,890 9,774 5
Slide 19: Quarterly Financial Snapshot - Hindalco (India) Business
Quarterly Financial Snapshot- Hindalco (India) Business Particulars UOM Q4 FY25 Q4 FY26 Change YoY Aluminium Upstream Shipments Kt 332 339 2% Revenue ₹ in Cr 10,311 11,418 11% Business Segment EBITDA ₹ in Cr 4,838 5,448 13% EBITDA/t $/ton 1,684 1,756 4% Aluminium Downstream Financial Shipments Kt 10
Slide 20: Annual Financial Snapshots FY26 vs FY25
Annual Financial Snapshots Financial FY26 vs FY25 Snapshot All Businesses Consolidated (₹ Crore) Hindalco (India) Businesses (₹ Crore) 2,74,944 15% 37,217 6% 13,391* 16% 1,15,273 19% 22,671 14% 13,035 20% Revenue Business Segment PAT EBITDA Revenue Business Segment PAT EBITDA FY25 2,38,496 35,162 16
Slide 21: Annual Financial Snapshot - Hindalco (India) Business
Annual Financial Snapshot- Hindalco (India) Business Particulars UOM FY25 FY26 Change YoY Aluminium Upstream Shipments Kt 1,327 1,350 2% Revenue ₹ in Cr 38,268 41,447 8% Business Segment EBITDA ₹ in Cr 16,262 18,884 16% EBITDA/t $/ton 1,449 1,583 9% Aluminium Downstream Financial Shipments Kt 403 44
Slide 22: P&L: Consolidated Key Metrics
Consolidated Financial Performance P&L: Revenue (₹ Crore) Business Segment EBITDA (₹ Crore) Consolidated 274,944 35,162 37,217 Key Metrics 238,496 ↑ 11% on account of ↑ 20% strong India business supported by performance favorable macros 9,774 10,812 78,133 8,762 64,890 66,521 Novelis, Aluminium and
Slide 23: Disciplined Capital Allocation
Consolidated Performance Disciplined Capital Allocation Net Debt/EBITDA (Consolidated) (₹ Crores) 5,729 64,841 31,619 1,110 1.73 1.83 1.23 1.06 1.02 35,332 12,909 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 -21,858 ROCE# (Consolidated) Net Debt Net Inflow Oswego fire ^ Capex* Dividend Others** Net Debt 31st
Slide 24: Segment wise Performance
Segment wise Performance 23
Slide 25: Novelis Operational and Financial Performance
Operational and Financial Performance Hindalco Q4 FY26 – Earnings Presentation Novelis Total Shipments Adjusted EBITDA Novelis (Kt) 1851* ($ Million) aluminium 3757 3702* 1802 3,557 ↑ 5% excluding negative upstream 1645 impact of $53 million from ↓ 4% vs previous year Oswego fires & $27 aluminium ex
Slide 26: Aluminium Upstream Operational and Financial Performance
Operational and Financial Performance Hindalco Q4 FY26 – Earnings Presentation Hindalco (India) Business novelis Shipments (KT) Sales Mix (in %) 1,327 1,350 Aluminium 35% 36% 27% 36% 28% Upstream ↑ 2% backed by strong domestic demand 73% 72% Domestic sales mix ↑ 8% aluminium 65% 64% 64% 332 345 339
Slide 27: Aluminium Downstream Operational and Financial Performance
Operational and Financial Performance Hindalco Q4 FY26 – Earnings Presentation Hindalco (India) Business Shipments (KT) 446 Product Mix (KT) novelis 446 403 403 88 72 aluminium upstream Extrusion ↑ by 28% ↑ 18%, in line with growth in 357 supported by strong demand 124 331 105 108 market demand Alum
Slide 28: Copper Operational and Financial Performance
Operational and Financial Performance Hindalco Q4 FY26 – Earnings Presentation Hindalco (India) Business novelis Shipments: Metal (KT) CC Rod Shipments (KT) aluminium 491 487 394 upstream 373 Overall shipments ↑ 5% ↑ 11% QoQ QoQ aluminium downstream 135 122 128 109 82 91 Copper Q4 FY25 Q3 FY26 Q4 FY
Slide 29: Key Summary
ADITYA BIRLA HINDALCO
Slide 30: Novelis Guidance and Updates
Key Summary Hindalco Q4 FY26 – 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 Advancing Aluminium as the material of choice with circular solutions Leader
Slide 31: India Business Upstream and Downstream Growth Projects
Key Summary Hindalco Q4 FY26 – Earnings Presentation India Business Upstream Aluminium Double Down Copper Downstream Aluminium Copper 4x by FY30 Specialty Alumina Recycling Upstream Target Downstream Downstream Current Status Current Status Current Status Projects Commissioning Projects Projects Cha
Slide 32: Awards & Recognitions FY2025-26
Awards & Recognitions FY2025-26 Hindalco Q4 FY26 – Earnings Presentation Hindalco India AmbitionBox Energy Efficient Top 10 India’s Employee Unit Award’ in CII Best Workplaces Choice Awards National Awards IMC RBNQ in Health and in Large for Excellence in Performance Wellness by Companies Energy Exc
Slide 33: Thank You
THANK YOU HINDALCO Hindalco Industries Limited Corporate Identity No. : L27020MH1958PLC011238 For Further Queries Please Contact : Subir Sen, Head - Investor Relations Telephone +91 22 6662 6666 E mail: hilinvestors@adityabirla.com Website: www.hindalco.com Registered Office 21st Floor, One Unity Ce
Slide 34: Annexures
Annexures 30
Slide 35: Consolidated: Key Financials
Consolidated : Key Financials Hindalco Q4 FY26 – Earnings Presentation Novelis, Aluminium and Copper Businesses Change QoQ Change Particulars (₹ Crore) Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 YoY % Change % YoY % Revenue from Operations 64,890 66,521 78,133 20% 17% 238,496 274,944 15% Earning Before Inter
Slide 36: Hindalco (India) Business: Key Financials
Hindalco (India) Business : Key Financials Hindalco Q4 FY26 – Earnings Presentation YOY QoQ Particulars (₹ Crore) Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Change % Change % Change% Revenue from Operations 26,067 29,858 35,016 34% 17% 96,570 115,273 19% EBITDA Aluminium Upstream 4,838 4,832 5,448 13% 13% 16
Slide 37: Aluminium Sales Reconciliation
Aluminium (India) Business : Sales Reconciliation Hindalco Q4 FY26 – Earnings Presentation Aluminium Sales Reconcilation Particulars (in Kt) Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 Upstream - Sales Third Party (A) 240 244 232 949 921 Intersegment Sales 91 101 108 378 429 Total Upstream Shipments 332 345 3
Slide 38: Alumina Production Trend
Operational and Financial Performance Hindalco Q4 FY26 – Earnings Presentation Hindalco (India) Business Alumina 3,857 3,784 Production Alumina(Incl Utkal)* (KT) Trend Q4FY26 ↓ 2% 951 969 931 Q4 FY25 Q3 FY26 Q4 FY26 FY25 FY26 • Production at Utkal Alumina refinery was at 637 KT in Q4 FY26, ↑ 1% *Hyd
Slide 39: Production Trends
Operational and Financial Performance Hindalco Q4 FY26 – Earnings Presentation Hindalco (India) Business 1,323 1,336 Production 458 411 Aluminium Aluminium Trends Upstream (KT)1 Downstream# (KT) In line with previous year Q4FY26 ↑ 17% 330 337 331 115 123 105 Q4 Q3 Q4 FY25 FY26 Q4 Q3 Q4 FY25 FY26 FY2
Slide 40: Q4 FY26 Hindalco Earnings Concall Details
Q4 FY26 : Hindalco Earnings Concall Details Earnings Conference Call is scheduled at 7:00 PM (IST) on May 22, 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