Hindalco Industries, a key metals company under the Aditya Birla Group, disclosed a 45% decrease in its consolidated net profit for the December quarter of the fiscal year 2026. The company’s net profit plummeted to Rs 2,049 crore during this period, down from Rs 3,735 crore in the same quarter of the previous fiscal year. Notably, the profit after tax saw a steeper decline of 57% sequentially from Rs 4,741 crore in the September quarter of FY26.
Despite the profit decline, Hindalco’s revenue from operations surged by 14% year-on-year to Rs 66,521 crore in the quarter, compared to Rs 58,390 crore a year earlier. On a quarter-on-quarter basis, the revenue saw a slight increase of 0.7% from Rs 66,058 crore. The company attributed the profit fall primarily to disruptions at its subsidiary Novelis’ Oswego aluminium plant in the United States.
The Oswego plant encountered two significant fire incidents in the hot mill area, one on September 16, 2025, and another on November 21, 2025. Novelis Inc., based in Atlanta, Georgia, operates as a wholly owned subsidiary of Hindalco. The company provided an update on these fire events on February 11.
Before factoring in exceptional items, Hindalco’s consolidated profit after tax reached Rs 4,051 crore, marking an 8% rise year-on-year. However, an exceptional item of Rs 2,610 crore had a substantial impact on the reported profit. Basic earnings per share also witnessed a sharp decline of 45% year-on-year to Rs 9.23 from Rs 16.82 in the corresponding quarter of the previous fiscal year.
Satish Pai, the Managing Director of Hindalco Industries, commented on the company’s performance, noting that despite global uncertainties, they managed to sustain growth momentum. He emphasized the robust performance of the India business, achieving an all-time high, which helped counterbalance the effects of global tariffs and the Oswego disruption. Pai also highlighted that disciplined cost management and operational efficiencies across segments supported the company throughout the quarter.
