Hindalco Industries reported its highest-ever quarterly net profit of INR 75.33 billion (USD 802 million) in the second quarter of FY2027, up 59 per cent from INR 47.41 billion (USD 505 million) a year earlier, supported by stronger earnings across its aluminium, copper and Novelis businesses.
Consolidated revenue from operations rose 39 per cent year on year to INR 917 billion (USD 9.8 billion) in the quarter ended September 30, 2026. EBITDA increased 42 per cent to INR 137.6 billion (USD 1.5 billion), compared with INR 97 billion (USD 1 billion) in Q2 FY2026.
The company’s aluminium upstream business rose 55 per cent to INR 70 billion (USD 745 million) in quarterly EBITDA. Earnings from non-LME-linked businesses rose 50 per cent to INR 68.6 billion (USD 731 million).
Copper also delivered a record quarter, with EBITDA increasing 164 per cent to INR 16.73 billion (USD 178 million).
Hindalco managing director Satish Pai said, “Our long-term strategy of building an integrated business model across upstream metals and downstream value-added products is translating into a stronger and more resilient earnings profile.”
Aluminium and Novelis performance
Hindalco’s aluminium upstream revenue in India increased 33 per cent year on year to INR 13,364 crore (USD 1.4 billion) in Q2 FY2027 (a year ago USD 1.07 billion in Q2). EBITDA rose to INR 70.1 billion (USD 747 million) from INR 45.24 billion (USD 482 million), while EBITDA per tonne increased 40 per cent to USD 2,125 (USD 1,521 previously). The company attributed the improvement to favourable market conditions, higher shipments and stronger operational performance.
Upstream aluminium shipments stood at 345,000 tonnes, compared with 341,000 tonnes in the corresponding quarter last year. The business maintained an EBITDA margin of 52 per cent. Aditya Smelter Phase 2 remains on track to begin metal production in FY2028.
In the downstream aluminium business, sales increased 6 per cent to 119,000 tonnes. Revenue rose 45 per cent to INR 55.11 billion (USD 587 million), while quarterly EBITDA reached a record INR 3.3 billion (USD 35 million), up 26 per cent year on year. The company attributed the increase to a favourable product mix, premiumisation and higher shipments.