Hindalco Industries, the flagship company of the Aditya Birla Group and one of the world’s largest aluminium rolling companies, on Friday reported a sharp decline in its March quarter earnings, impacted by a steep rise in expenses linked to disruptions at the Oswego plant following a fire incident.
The company reported a consolidated net profit of ₹2,597 crore in Q4FY26, marking a 51% decline from ₹5,284 crore posted in the same period last year. This also marked the second consecutive quarter in which the company reported a year-on-year decline in profit.
However, consolidated revenue from operations rose to ₹78,133 crore from ₹64,890 crore in the year-ago quarter, reflecting a 20.4% increase, driven by a sharp rise in base metal prices, including aluminium and copper.
The company’s aluminum upstream business posted a record quarterly EBITDA of ₹5,448 crore, up 13%, while the copper business reported a record EBITDA of ₹907 crore, reflecting a 48% jump.
The company said that Novelis’ adjusted EBITDA per tonne improved 10% to $544. Meanwhile, the company said the Oswego plant is expected to restart operations in the next few weeks, while commissioning of the Bay Minette cold mill, which began in March, remains on track for completion in the second half of 2026.
