Hindalco Industries Limited (500440) Earnings Call Transcripts

Hindalco Industries Limited's Latest Earnings Call - Q4 FY2026

In the fourth quarter of FY '26, Hindalco Industries reported a consolidated profit after tax of INR 2,597 crores, a 51% decline year-on-year due to exceptional items, while adjusted PAT increased by 10% to INR 5,796 crores. Revenue from the Indian aluminum business rose 11% year-on-year, driven by strong demand and operational efficiency, with EBITDA margins at 48%. Management maintained a cautious outlook amid geopolitical uncertainties but signaled a recovery in Novelis operations, particularly with the Oswego plant expected to restart soon, which could bolster performance in FY '27.

Reported metrics

Guidance from management

Management maintained a cautious outlook for FY '27, citing geopolitical uncertainties but expressed confidence in a recovery at Novelis, with the Oswego plant expected to restart soon. They anticipate a 5% increase in costs for Q1 FY '27.

What management said

Sorry, Sumangal, so in FY '27, I'm just going to repeat, we have 29% hedged at INR 3,013. And the currency, we are 14% hedged at 90.13. The hedges are done for the commodity and the currency separately.

That's correct. You're going to see meaningful coal starting to come in only in FY '28. And that too Chakla will be the main one because Vanda has a high box, high strip ratio. It will take us a while to ramp up the production there.

What analysts pressed on

Analysts raised concerns about the impact of rising costs on margins, particularly due to increased furnace oil prices. There were also questions regarding the timeline for coal production from captive mines and the overall outlook for copper EBITDA amidst global market pressures.

Main topics on the call

• Revenue Growth in Indian Aluminum Business — Hindalco's Indian aluminum business saw revenues increase by 11% year-on-year, attributed to strong demand across various sectors. Management noted, 'Our quarterly EBITDA was up 13% year-on-year at INR 5,448 crores, back...
• Impact of Exceptional Items on Profit — The consolidated profit after tax fell 51% year-on-year to INR 2,597 crores due to exceptional items, including the Oswego plant fire. Adjusted for these items, PAT was up 10% year-on-year, indicating underlying business...
• Novelis Recovery Outlook — Management expressed optimism regarding Novelis, stating, 'The Oswego hot mill is on track to restart in the next few weeks,' which is expected to support a recovery in FY '27. This is crucial for overall performance as ...
• Cost Inflation and Production Challenges — Management highlighted a 5% anticipated increase in costs for Q1 FY '27, primarily driven by rising furnace oil prices. They stated, 'In Q1, we are anticipating a 5% increase over Q4,' indicating potential pressure on ma...

Read the full Hindalco Industries Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Hindalco Industries Limited earnings call transcripts on record, spanning February 12, 2020 to August 7, 2026. Based on this history, Hindalco Industries Limited reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

500440

Exchange

BSE

Country

IN

Sector

Materials

Industry

Metals and Mining

Calls on record

30

First call

February 12, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly