Hindalco on Friday reported a 51% year-on-year (YoY) decline in its consolidated net profit at Rs 2,597 crore in the fourth quarter of FY26, compared with Rs 5,283 crore in the last year quarter.
The company's board has recommended a final dividend of Rs 5 per share for the financial year ended March 2026. The record date for payment of final dividend is July 10.
The company reported consolidated revenue from operations of Rs 78,133 crore in Q4 FY26, up 20% from Rs 64,890 crore in the corresponding quarter last year. Consolidated EBITDA rose 9% YoY to an all-time high of Rs 11,197 crore compared with Rs 10,296 crore a year ago.
Profit before tax after exceptional items stood at Rs 3,451 crore during the quarter compared with Rs 6,550 crore a year earlier.
The company said the Oswego disruption impacted profitability during the quarter, though this was partly offset by cost efficiency measures at Novelis and record profits from the India business.
Hindalco’s India business delivered its highest-ever quarterly revenue, EBITDA and profit after tax during the quarter. The aluminium upstream business reported record quarterly EBITDA of Rs 5,448 crore, up 13% year-on-year.
The copper business also posted record quarterly EBITDA of Rs 907 crore, registering growth of 48% over the corresponding quarter last year.
The aluminium downstream business continued to improve operationally during the year, supported by higher value-added products and improved efficiencies.
Novelis, the company’s global aluminium rolling and recycling subsidiary, reported adjusted EBITDA per tonne of $544 during the quarter, up 10% year-on-year despite lower shipment volumes.
The company said Novelis benefited from disciplined cost optimisation and softer scrap prices. Hindalco added that the Oswego plant is expected to restart in the next few weeks.
The Bay Minette cold mill project also began commissioning in March and remains on track for completion during the second half of calendar year 2026.
For the full financial year FY26, Hindalco reported record consolidated revenue of Rs 2.74 lakh crore, up 15% from Rs 2.38 lakh crore in FY25. Annual consolidated EBITDA rose to an all-time high of Rs 38,097 crore compared with Rs 35,496 crore in the previous financial year.
