Hindalco Industries Limited · NSE:HINDALCO
Hindalco Industries — Q3 FY26 Earnings Presentation
36 slides from Hindalco Industries's earnings presentation, Feb 12, 2026
Slide 1: Earnings Presentation Q3 FY26
HINDALCO Earnings Presentation/ Q3 FY26 12th February 2026 This is an AI Generated Image 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 t
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 Q3 FY26 – 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 Zero Harm: Lost Time Injury Frequency Rate Our (LTIFR) commitment 0.25 0.21 0.25 0.27 0.22 Road safety audits focusing on the prevention of man–machine interface to health & risks are being carried out across all manufacturing units. safety Q
Slide 6: Hindalco: Global Sustainability leader
Safety & Sustainability Updates Hindalco: Global Sustainability leader Achieved S&P Global CSA Score highest ever Country 2024 2025* score and Hindalco Industries Limited India 87 89 maintains its *Rating for the year 2025 declared as on December 19th 2025 leadership • Environmental : • Achieved 100
Slide 7: Driving circularity through responsible waste recycling
Safety & Sustainability Updates Hindalco (India) Business % Recycling of Ash Driving 105 105 98 96 105 circularity Ash Recycling % has improved post monsoon and is in line with previous year. through Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 responsible % Recycling of Bauxite Residue (Excluding Utkal) wast
Slide 8: Conservation of precious water resources
Safety & Sustainability Updates Hindalco (India) Business Specific freshwater Consumption Reduction in specific freshwater (m3/T metal) Conservation consumption on account of installation of RO ZLD# Plant & Tube settler and runoff of precious Aluminium recovery in Hirakud P&S along with CPU (Condens
Slide 9: Driving conservation efforts to sustain biodiversity
Safety & Sustainability Updates Hindalco (India) Business Driving In Q3 FY26, 70.3 thousand saplings were planted across mines and plant locations conservation out of which 31.8 thousand saplings were planted at mines (vs. 23.2 thousand in Q3 FY25), strengthening greenbelt coverage, supporting local
Slide 10: Steady transition towards greener energy mix
Safety & Sustainability Updates Hindalco (India) Business Q4 FY26 FY26 Exit Steady Q3 FY26 (Exit) transition towards greener 418 MW 103.5 MW ~522 MW energy mix • Solar: 288 MW • Solar: 37.5 MW • Solar: ~326 MW • Wind: 126.4 MW • Wind: 66 MW • Wind: ~192 MW • Hydel: 4 MW • Pumped Storage for • Hydel:
Slide 11: Economy & Industry Updates
Economy & Industry Updates
Slide 12: Economy Updates
Economy & Industry Updates Economy Updates GLOBAL (GDP Growth YoY) 6.6 Global growth expected to maintain a resilient growth trajectory of 3.3% in 2025 and 2026. At the same time, global inflation is projected to 3.8 3.5 3.3 3.3 3.3 continue on its downward path, easing from 4.1% in 2025 to 3.8% in
Slide 13: LME Trends
Economy & Industry Updates LME Trends Aluminium LME ($ / tonne) 2,828 2,629 2,617 2,573 2,519 2,447 2,399 2,383 2,263 2,190 2,200 2,155 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Market Snapshot: LME trends influenced by fundamentals, policies, se
Slide 14: Domestic aluminium demand & supply
Economy & Industry Updates Domestic (Kilo Tons) aluminium Domestic Scrap Imports Imports Ex. Scrap demand & 1,643 1,508 1,441 supply 1,425 1,382 447 391 In Q3 FY26, the total Indian 322 327 309 demand is likely to reach 1,508 Kt (up 9%) primarily led by strong demand in Auto 527 419 445 505 457 616
Slide 15: Domestic copper demand & supply
Economy & Industry Updates Domestic (Kilo Tons) Domestic Scrap Imports Imports Ex. Scrap 423 423 copper 364 377 81 80 402 demand & 37 76 50 In Q3 FY26, domestic producer’s demand was supply 158 153 172 187 174 up 10% at 401 KT 187 170 156 156 152 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26E Key Macro Dr
Slide 16: Quarterly Financial Snapshots
Quarterly Financial Snapshots
Slide 17: Financial Snapshot
Quarterly Financial Snapshots Financial Q3 FY26 vs Q3 FY25 Snapshot All Businesses Consolidated (₹ Crore) Hindalco (India) Businesses (₹ Crore) 66,521 14% 8,762 6% 2,049 45% 29,858 21% 5,660 10% 3,581 24% Revenue Business Segment PAT EBITDA Revenue Business Segment PAT EBITDA Q3 FY25 58,390 8,246 3,
Slide 18: Financial Snapshot
Quarterly Financial Snapshot- Hindalco (India) Business Particulars UOM Q3 FY25 Q3 FY26 Change YoY Aluminium Upstream Shipments Kt 338 345 2% Revenue ₹ in Cr 9,993 10,620 6% Business Segment EBITDA ₹ in Cr 4,222 4,832 14% EBITDA/t $/ton 1,480 1,572 6% Aluminium Downstream Financial Shipments Kt 99 1
Slide 19: P&L: Consolidated Key Metrics
Consolidated Financial Performance Revenue (₹ Crore) Business Segment EBITDA (₹ Crore) 1,96,811 P&L : 1,73,606 25,388 26,405 ↑ 6% on account of Consolidated ↑ 14% strong India business supported by performance and favorable macros Key Metrics 58,390 66,058 66,521 resilient Novelis 8,246 9,104 8,762
Slide 20: Debt & Leverage
Consolidated Performance Consolidated Debt (₹ Crore) Debt & Particulars (Consolidated) 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 Leverage Gross Debt 63,696 61,932 63,330 72,670 85,639 Treasury Balance 21,879 26,600 29,074 31,255 26,178 Net Debt 41,818 35,332 34,257 41,415 59,461 TTM Adjusted
Slide 21: Segment wise Performance
Segment wise Performance
Slide 22: Novelis Operational and Financial Performance
Operational and Financial Performance Hindalco Q3 FY26 – Earnings Presentation Novelis Total Shipments Adjusted EBITDA# Novelis (Kt) ($ Million) aluminium 1329 1356* 2800 2785* upstream 2,713 1186 ↓ 3% vs previous year ↑ 19% excluding net aluminium excluding impact of 904 941 476* 436* impact of Tar
Slide 23: Aluminium Upstream Operational and Financial Performance
Operational and Financial Performance Hindalco Q3 FY26 – Earnings Presentation Hindalco (India) Business novelis Shipments (KT) Sales Mix (in %) 995 1,011 Aluminium 40% 25% 36% 36% 29% Upstream ↑ 2% backed by strong domestic demand 75% 71% Domestic sales mix ↑ 4% aluminium 60% 64% 64% 338 341 345 do
Slide 24: Aluminium Downstream Operational and Financial Performance
Operational and Financial Performance Hindalco Q3 FY26 – Earnings Presentation Hindalco (India) Business 324 324 Shipments (KT) Product Mix (KT) novelis 298 298 65 53 aluminium upstream Extrusion ↑ by 29% Q3FY26 ↑ 9%, in line with 113 108 258 supported by strong 99 113 108 growth in domestic demand
Slide 25: Copper Operational and Financial Performance
Operational and Financial Performance Hindalco Q3 FY26 – Earnings Presentation Hindalco (India) Business novelis 359 Shipments: Metal (KT) CC Rod Shipments (KT) aluminium 356 285 283 upstream Overall shipments ↑ 8% QoQ ↓ 15% QoQ due to weaker domestic market on aluminium 120 113 122 account of highe
Slide 26: Key Summary
ADITYA BIRLA HINDALCO
Slide 27: Novelis: By 2030 Guidance and Updates
Key Summary Hindalco Q3 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 28: India Business Key Project Updates
Key Summary Hindalco Q3 FY26 – Earnings Presentation India Business INDIA BUSINESS KEY PROJECT UPDATES Upstream Double Down Projects Target Status Aluminium Commissioning Amongst Industry best EBITDA margins in Q3 with costs Chakla – H1FY27 continue to be in first decile of Global cost curve Captive
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
Slide 31: Consolidated: Key Financials
Consolidated : Key Financials Hindalco Q3 FY26 – Earnings Presentation Novelis, Aluminium and Copper Businesses Change QoQ Change Particulars (₹ Crore) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 YoY % Change % YoY % Revenue from Operations 58,390 66,058 66,521 14% 1% 1,73,606 1,96,811 13% Earning Befor
Slide 32: Hindalco (India) Business: Key Financials
Hindalco (India) Business : Key Financials Hindalco Q3 FY26 – Earnings Presentation YOY QoQ Particulars (₹ Crore) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Change % Change % Change% Revenue from Operations 24,618 25,494 29,858 21% 17% 70,503 80,257 14% EBITDA Aluminium Upstream 4,222 4,524 4,832 14% 7
Slide 33: Aluminium (India) Business: Sales Reconciliation
Aluminium (India) Business : Sales Reconciliation Hindalco Q3 FY26 – Earnings Presentation Hindalco (India) Business Aluminium Sales Reconcilation Particulars (in Kt) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Upstream - Sales Third Party (A) 247 227 244 708 690 Intersegment Sales 91 113 101 287 321 To
Slide 34: Alumina Production Trend
Operational and Financial Performance Hindalco Q3 FY26 – Earnings Presentation Hindalco (India) Business Alumina Production 2,906 2,853 Alumina(Incl Utkal)* (KT) Trend Q3FY26 in line with previous year 979 926 969 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 • Production at Utkal Alumina refinery was at
Slide 35: Production Trends
Operational and Financial Performance Hindalco Q3 FY26 – Earnings Presentation Hindalco (India) Business Production Aluminium Aluminium Trends 993 1,005 Upstream (KT)1 306 335 Downstream# (KT) Q3FY26 in line with Q3FY26 ↑ 13% previous year 101 116 115 334 336 337 Q3 Q2 Q3 9M 9M Q3 Q2 Q3 9M 9M FY25 F
Slide 36: Q3 FY26: Hindalco Earnings Concall Details
Q3 FY26 : Hindalco Earnings Concall Details Earnings Conference Call is scheduled at 7:00 PM (IST) on Feb 12, 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