Hindalco Q2 Net Profit Up 59% to ₹7,533 Crore

Date: 8 November 2026

Despite high coal and calcined petroleum coke prices, delivered record profit
Integrated business model across upstream metals and downstream value-added products
Aluminium upstream business registered EBITDA growth of 55%
Non-LME-linked businesses recorded EBITDA growth of nearly 50%
Expects coal prices to increase further by 5% in December quarter due to higher demand and tight supply
Current coal inventory levels in factory are low, company has to buy spot auction as linkage supply was curtailed
Commissioning and ramp-up of Bay Minette, copper recycling, aluminium battery foil, Aditya FRP and Inner Grooved Tubes will accelerate share of non-LME-linked businesses

Expects consolidated debt to have peaked at about ₹80,000 crore
Preparing to embark on sustained deleveraging cycle
Target to bring Novelis' net debt-to-EBITDA ratio down to 2.5x by FY31
Debt reduction to gather momentum from Q3 as capex on major projects nears completion
Expects net debt-to-EBITDA at 4x in Q4
Completion of Bay Minette project-related debt commitments, coupled with improving earnings and cash generation will aid deleveraging
Debt reduction comes after period of substantial investments by Novelis in capacity expansion and restoration of Oswego facility following fire

Pushed back commissioning of three-million-tonne liquid jetty by three to four months from December 2026 timeline
New commissioning timeline: end of March or early April 2027
Delay related to overall construction of the jetty
Volume projections:
FY27: 1.4 million tonnes of liquid cargo
FY28: 2.6 million tonnes
FY29: 3-3.5 million tonnes

Signed 10-year agreement with Abu Dhabi National Oil Company (ADNOC) to procure up to 4 million tonnes of LNG
Supplies scheduled to begin in 2028
Agreement will be executed through ADNOC's global LNG marketing and trading platform
Targets 47 million tonnes per annum of marketable LNG beyond 2030
Strengthens supply security for expanding customer base including industrial, commercial, domestic and automobile consumers

Plans to invest around ₹3,500 crore to expand natural gas pipeline network
Capex plan for next two-three years
Covers about 10 pipeline and connectivity projects, aggregating approximately 700 km
60-65% of capex directed towards capacity expansion, remaining towards extending pipeline network to new areas
Expected to increase capacity of high-pressure grid to around 44 mscmd from current 36-37 mscmd (20% increase)
Expansion largely financed through internal accruals, supported by cash balances and operating cash flows

Filed unaudited financial results for quarter and half year ended 30 September 2026
Published in Makkal Kural and Business Line newspapers
Compliance with Regulation 47 of SEBI (LODR) Regulations, 2015
Signed by S Muthukrishnan, Company Secretary & Compliance Officer

Financial results reviewed by Audit Committee and approved at Board meeting held on 5th November, 2026
Filed with Stock Exchange under Regulation 33 of SEBI (Listing and Other Disclosure Requirements) Regulations, 2015
Signed by N K Haribabu, Director & CFO

High Court of Madras C.M.P. No. 22263 of 2026 regarding Employees' State Insurance Corporation matter
Notice ordered to Respondents by way of Substituted Service through Paper Publication

Repco Microfinance (subsidiary of Repco Bank) won national award for "Best Women-Friendly Company 2026"
Award received under "Inclusive Growth" category at Sa-Dhan's 21st National Conference

Tamil Nadu government increased compensation for human-wildlife conflict
Major injury compensation increased from ₹59,100 to ₹5 lakh
Crop damage compensation increased from ₹25,000 per acre to ₹40,000 per acre
Coconut tree compensation: ₹1,000 for trees below 10 years, ₹2,000 for trees above 10 years
Banana plant compensation: ₹250 per plant
Fully/severely damaged house compensation increased from ₹95,100 to ₹1.50 lakh
Mud house compensation increased from ₹10,000 to ₹15,000