Key Financial Figures (Consolidated)

Quarterly Performance (₹ Crore)

| Particulars | Q1 FY26 | Q1 FY27 | Growth % |

| Revenue from Operations | 64,232 | 84,825 | 32% |

| EBITDA | 8,673 | 14,989 | 73% |

| PBDT | 7,919 | 14,023 | 77% |

| Exceptional Income/(Expenses) (Net) | - | (2,299) | - |

| Profit Before Tax (After Exceptional Item) | 5,676 | 9,393 | 65% |

| Profit/(Loss) After Tax | 4,004 | 7,013 | 75% |

| EPS (₹/Share) - Basic | 18.03 | 31.58 | 75% |

Segment-wise Performance

Novelis (US GAAP)

  • Shipments: 916 Kt (vs 963 Kt in Q1 FY26)
  • Revenue: $5.8 billion, up 23% YoY
  • Business Segment EBITDA: $516 million, up 24% YoY
  • EBITDA/ton: $563/ton, up 30% YoY
  • Oswego hot mill restarted in June 2026, production ramping up
  • Bay Minette plant commissioning underway; expected commercial shipments in Q1 FY28
  • Target cost savings: $350-400 million by FY28 exit ($225 million achieved through Q1 FY27)
  • Long-term EBITDA guidance maintained at $600+/ton

Aluminium Upstream (India)

  • Shipments: 335 Kt, up 3% YoY
  • Revenue: ₹13,403 crore, up 44% YoY
  • Business Segment EBITDA: ₹7,390 crore, up 81% YoY (all-time high)
  • EBITDA/ton: $2,331/ton, up 59% YoY
  • EBITDA margin: 55%

Aluminium Downstream (India)

  • Sales: 104 KT, up 3% YoY
  • Revenue: ₹4,889 crore, up 46% YoY
  • Business Segment EBITDA: ₹298 crore, up 30% YoY (all-time high)
  • EBITDA/ton: $303/ton, up 15% YoY

Copper (India)

  • Total Metal sales: 105 Kt, down 16% YoY
  • CCR Sales: 96 Kt, down 8% YoY
  • Revenue: ₹17,232 crore, up 16% YoY
  • EBITDA: ₹918 crore, up 36% YoY (all-time high)
  • Performance achieved despite planned major smelter maintenance

Capital Structure and Debt

  • Consolidated Gross Debt: ₹103,515 crore (as of June 30, 2026)
  • Treasury Balance: ₹26,020 crore
  • Net Debt: ₹77,495 crore
  • TTM Adjusted Segment EBITDA: ₹39,824 crore
  • Net Debt to EBITDA: 1.95x (vs 1.02x a year ago)

Tax Regime Change

Hindalco transitioned to the new tax regime effective April 1, 2026, reducing Effective Tax Rate to 26% in Q1 FY27 versus 30% in Q1 FY26 and 34% in Q4 FY26.

Operational Highlights

Project Updates

Upstream Projects:

  • Captive Coal Mines: Chakla (H1FY27), Bandha (FY27), Meenakshi (FY29) - on track
  • Aditya Alumina Refinery: FY28 - 95% PO placed for packages
  • Aditya Aluminium Smelter Phase 1 (181Kt): FY28 - 90% PO placed for packages
  • Aditya Aluminium Smelter Phase 2 (193Kt): FY29 - 25% PO placed for packages
  • Copper Smelter: FY29 - 25% PO placed for packages

Downstream Projects:

  • Aditya FRP: Scaling-up production to reach optimal utilization
  • Battery Enclosure (Chakan): Fully ramped up to optimal levels
  • Aditya Battery Foil: Commissioned
  • Copper Inner Grooved Tubes (Vadodara): Commissioned; customer qualification in progress
  • AC Fins (Taloja): Commissioned; customer qualification in progress
  • Copper E-Waste & Recycling: On track; Target Commissioning - FY27

Sustainability Initiatives

  • Operationalized 65 MW round-the-clock renewable energy project at Aditya Aluminium
  • Achieved 80% overall waste utilization in Q1 FY27
  • Water recycling increased to 29% across operations (from 27% a year ago)
  • Planted 80,000 saplings in Q1, taking cumulative plantation to 6.34 million trees
  • Recognized as World's Most Sustainable Aluminium Company in S&P Global CSA for sixth consecutive year (2020-2025)

Management Commentary

Mr. Satish Pai, Managing Director, stated: "Hindalco has started FY27 on a strong note, delivering record Revenue, EBITDA and PAT, with every business segment contributing meaningfully to this performance. Our pipeline of strategic investments remains robust across upstream and downstream."

Availability

The document is available on the Company's website at www.hindalco.com.