Hindalco Q4 Revenue Climbs 20% Even As Profit Drops Sharply

Shares of Hindalco Industries slipped nearly 2% on Monday after the company reported a sharp decline in fourth-quarter profit, even as revenue and operating earnings moved higher. Consolidated net profit for Q4 FY26 stood at ₹2,597 crore, down 51% from ₹5,283 crore reported in the same quarter last year. Revenue from operations rose 20% year-on-year to ₹78,133 crore, while consolidated EBITDA touched a record ₹11,197 crore during the quarter.

Hindalco Industries shares dropped to an intraday low of ₹1,082 on the BSE and were trading at ₹1,084.40 at 12:04 PM IST, following the earnings announcement. Hindalco shares have gained more than 24% so far in 2026 and are up around 71% over the past year. The company also declared a final dividend of ₹5 per share for FY26 and fixed 10 July as the record date.

Q4 Numbers At A Glance

The March quarter reflected strong operational growth, although profitability remained under pressure due to overseas disruptions.

• Net profit declined 51% YoY to ₹2,597 crore
• Revenue increased 20% YoY to ₹78,133 crore
• EBITDA rose 9% YoY to ₹11,197 crore
• EBITDA margin stood at 12.8%
• Final dividend declared at ₹5 per share

What Impacted Hindalco’s Earnings?

Hindalco’s India business continued to remain the key contributor to earnings growth in the March quarter.

At the same time, operations at Novelis faced pressure after disruptions at the Oswego plant in the United States. This affected profitability during the quarter and weighed on consolidated net profit numbers.

The company said cost optimisation measures and stable demand conditions helped offset part of the impact. It also highlighted that the India business delivered record quarterly earnings during the period.

Analysts maintain the view that the company may benefit from stronger aluminium prices and steady domestic demand across industrial segments in Q1 FY27.

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What Lies Ahead For Hindalco?

Market participants will closely watch the recovery at Novelis over the coming quarters, especially after operations at the Oswego facility resume. Aluminium prices and domestic demand will continue to be important drivers of growth moving ahead. Hindalco’s current revenue growth and record earnings from operations suggest that the company is continuing to reap the benefits of a positive operating environment.

Sources:

The Economic Times

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