Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, has reported a robust set of results for the quarter ended 30 September 2025, driven by strong operational performance across its aluminium and copper businesses and resilient contributions from its subsidiary, Novelis.

The company’s consolidated revenue rose 13% year-on-year to ₹66,058 crore, while profit after tax (PAT) surged 21% to ₹4,741 crore. Consolidated EBITDA stood at ₹9,684 crore, up 6% from the same period last year, reflecting continued strength in Hindalco’s integrated value chain and cost efficiency measures.

“Hindalco continued its growth momentum amid global volatility, delivering strong performance in both volumes and profitability,” said Mr Satish Pai, Managing Director of Hindalco Industries. “This was driven by robust contributions from the India business, disciplined cost management and operational efficiencies across segments.”

Hindalco’s Aluminium Upstream business recorded another standout performance, with EBITDA rising 22% year-on-year to ₹4,524 crore and industry-leading margins of 45%. Quarterly revenue for the segment climbed 10% to ₹10,078 crore, supported by higher volumes and realisations.

The Aluminium Downstream business delivered record results, with EBITDA jumping 69% to ₹261 crore on the back of a favourable product mix and all-time high volumes. Revenue grew 20% year-on-year to ₹3,809 crore.

In a move to strengthen capacity, Hindalco announced the Phase 2 expansion of the Aditya Aluminium facility, which will add 193 KT of capacity at a project cost of ₹10,225 crore. Commissioning is expected in FY29.

The Copper segment posted revenue of ₹14,563 crore, up 11% from a year earlier, supported by higher realisations from sulphuric acid sales. Despite lower treatment and refining charges (TC/RCs), the segment maintained a healthy EBITDA of ₹634 crore. Copper metal sales were marginally lower at 113 KT, while Continuous Cast Rod (CCR) sales rose 8% to 97 KT. Hindalco also reported progress on its copper tubes and recycling projects.

Subsidiary Novelis maintained steady performance despite headwinds. Shipments stood at 941 KT, broadly flat compared to last year, while revenue increased 10% to $4.7 billion, driven by higher aluminium prices. Adjusted EBITDA declined 9% to $422 million, reflecting tariff impacts partially offset by cost efficiencies.

Novelis’ cost-reduction initiatives are targeting over $125 million in annualised savings by FY26, and $300 million by FY28. The company also confirmed plans to restart the Oswego hot mill in December 2025.

Hindalco’s consolidated net debt-to-EBITDA ratio stood at 1.23x as of 30 September 2025, compared with 1.19x a year earlier, reflecting continued balance sheet strength.

Mr Pai added “Our integrated business model, prudent capital allocation, and focus on cost optimisation continue to enable us to deliver sustained, resilient growth across market cycles. Our sustainability agenda remains focused on climate action, circularity through waste recycling, water stewardship, and biodiversity protection.”

Part of the Aditya Birla Group, Hindalco Industries Limited is a $28 billion global metals powerhouse and the world’s largest aluminium company by revenue. The company operates across the entire value chain — from bauxite mining and alumina refining to aluminium smelting, rolling, and recycling — and is India’s largest copper producer. With operations spanning 48 manufacturing units across 10 countries, Hindalco has been ranked the world’s most sustainable aluminium company in the Dow Jones Sustainability Indices for five consecutive years (2020–2024).