Hindalco Q4 FY26 Results: Profit Drops 51% Despite Record Revenue
Hindalco Industries reported a sharp 51% year-on-year decline in consolidated net profit for Q4 FY26, impacted mainly by disruptions at its Novelis unit in the US. Despite the profit drop, the Aditya Birla Group company posted record revenue and EBITDA numbers and announced a final dividend of ₹5 per share for shareholders.
The company’s consolidated net profit stood at ₹2,597 crore in the March 2026 quarter, compared to ₹5,283 crore in the same quarter last year.
Hindalco Q4 FY26 Key Highlights
| Particulars | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Net Profit | ₹2,597 crore | ₹5,283 crore |
| Revenue from Operations | ₹78,133 crore | ₹64,890 crore |
| EBITDA | ₹11,197 crore | ₹10,296 crore |
| Final Dividend | ₹5 per share | ₹3.5 per share (FY25) |
Why Did Hindalco’s Profit Fall?
The major reason behind the decline in profitability was the disruption at Novelis’ Oswego plant in the US following a fire incident. The issue affected production and shipment volumes during the quarter.
The company also faced higher exceptional expenses linked to the incident, which weighed on the bottom line despite strong operational performance in India.
However, Hindalco stated that the Oswego plant is expected to restart operations in the coming weeks.
Revenue and EBITDA Hit Record Levels
Even with lower profit, Hindalco delivered strong top-line growth.
The company’s consolidated revenue rose 20.4% YoY to ₹78,133 crore, supported by higher aluminium and copper prices.
Consolidated EBITDA increased 9% YoY to an all-time high of ₹11,197 crore.
Strong India Business Performance
Hindalco’s India operations remained the biggest positive during the quarter.
Key segment highlights include:
- Aluminium upstream EBITDA rose 13% to ₹5,448 crore
- Copper business EBITDA jumped 48% to ₹907 crore
- India business recorded its highest-ever quarterly revenue and EBITDA
Hindalco Declares ₹5 Final Dividend
The board recommended a final dividend of ₹5 per equity share for FY26. The record date for the dividend payment has been fixed as July 10, 2026.
This announcement comes despite the sharp decline in quarterly profit, reflecting management’s confidence in long-term business fundamentals.
Management Commentary
Hindalco Managing Director Satish Pai said the company delivered strong results led by the India business, while Novelis continues to recover from operational disruptions.
The company also highlighted progress in its Bay Minette project, which remains on track for completion in the second half of calendar year 2026.
Hindalco Share Price Reaction
Following the earnings announcement, Hindalco shares slipped nearly 2% in early trade and became one of the top losers on the Nifty 50 index. Investors reacted negatively to the steep decline in profit, even though revenue and EBITDA remained strong.
Full-Year FY26 Performance
For the full financial year FY26, Hindalco reported:
- Revenue of ₹2.74 lakh crore, up 15%
- EBITDA of ₹38,097 crore, an all-time high
- Net profit of ₹13,391 crore
What Investors Should Watch Next
Investors will closely monitor:
- Recovery at Novelis’ Oswego plant
- Aluminium and copper price trends
- Demand from automotive and packaging sectors
- Progress of Bay Minette expansion
While short-term profitability remains under pressure, Hindalco’s India operations continue to show strong growth momentum.
FAQs
Q. What was Hindalco’s Q4 FY26 net profit?
Hindalco reported a consolidated net profit of ₹2,597 crore in Q4 FY26.
Q. Why did Hindalco’s profit decline?
The decline was mainly due to disruptions and exceptional costs related to a fire incident at Novelis’ Oswego plant in the US.
Q. What dividend did Hindalco announce?
The company declared a final dividend of ₹5 per equity share for FY26.
Q. How much did Hindalco’s revenue grow?
Revenue increased 20.4% YoY to ₹78,133 crore in Q4 FY26.
Q. What is the dividend record date?
The record date for the ₹5 dividend is July 10, 2026.
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