Hindalco Q1 FY27: Profit up 75% to ₹7,013 crore

Record quarter sets the tone for FY27

Hindalco Industries Ltd reported its highest-ever quarterly consolidated net profit for the April-June quarter of FY27, driven by strong performance across businesses. Consolidated net profit rose 75% year-on-year to ₹7,013 crore, compared with ₹4,004 crore a year ago. Consolidated revenue from operations increased 32% to a record ₹84,825 crore, up from ₹64,232 crore. The company also reported a sharp rise in operating profitability, supported by strength in aluminium upstream, copper and its subsidiary Novelis. The results were for the quarter ended June 30, 2026.

Board approval and key filings

Hindalco said its Board considered and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Alongside the headline profit growth, the company disclosed details of total income, expenses, profit before tax and tax outgo for the consolidated entity. Total income was reported at ₹85,882 crore and total expenses at ₹74,196 crore. Profit before tax stood at ₹9,393 crore, with tax expenses of ₹2,595 crore. Profit for the period was ₹7,013 crore, and total comprehensive income was ₹15,513 crore.

Consolidated performance: revenue, profit and EBITDA

Hindalco’s consolidated revenue growth was accompanied by a large year-on-year improvement in EBITDA. In the results summary provided, consolidated EBITDA was described as surging 73% to an all-time quarterly high of ₹14,989 crore. Separately, a metrics table in the provided material listed EBITDA (approx.) at ₹13,989 crore in Q1 FY27 versus ₹9,429 crore in Q1 FY26, implying a 48% rise. The same table reported basic EPS of ₹31.58 in Q1 FY27 compared with ₹18.03 in Q1 FY26, a 75% increase. Taken together, the disclosures point to broad-based margin expansion even as the quarter included significant one-offs related to an operational incident.

Segment drivers: aluminium upstream and copper hit records

The company’s aluminium upstream business posted record quarterly EBITDA of ₹7,390 crore, up 81% year-on-year. Copper also delivered a record quarter, with EBITDA rising 36% to ₹918 crore. These segment outcomes were highlighted as major contributors to the consolidated performance. The figures indicate that both metal businesses supported the overall earnings outcome during the quarter. Hindalco attributed the results to strong performance across its Novelis, Aluminium upstream and Copper segments.

Novelis: operating performance and Oswego impact

Hindalco said Novelis reported its highest-ever quarterly adjusted EBITDA at ₹4,875 crore, up 37% from the previous year. The quarter also included exceptional expenses of ₹2,299 crore linked to the Oswego fire, which the company said was offset by strong performance in Novelis and the aluminium upstream segment. In a separate Novelis Inc. release for Q1 FY27, the subsidiary reported net sales of $1,800 million (up 23% year-on-year) and adjusted EBITDA of $116 million (up 24% year-on-year). Novelis reported profit after tax of $164 million (up 71% year-on-year). Adjusted EBITDA per tonne increased 30% to $163, while shipments fell 5% to 916 kilotonnes due to the Oswego fire impact.

Operations update: restart and expansion timeline

Novelis disclosed that the Oswego hot mill restarted in June. It also said commissioning at the Bay Minette plant was underway, with commercial shipments expected in Q1 FY28. These operational updates provide context to the quarter’s shipment decline and the exceptional cost burden. The Oswego restart timeline is particularly relevant given the mention of fire-related exceptional expenses in the Hindalco summary. Novelis also stated it had achieved cost savings at a run-rate above $125 million and was targeting $100 million by the end of FY27 and $150 to $100 million by FY28.

Standalone results: profit rises sharply

On a standalone basis, Hindalco reported net profit of ₹4,784 crore for Q1 FY27, compared with ₹1,862 crore in Q1 FY26. Standalone revenue from operations rose to ₹30,515 crore from ₹24,264 crore. Hindalco also disclosed standalone other income of ₹345 crore for the quarter. In another results snapshot, standalone EBITDA was listed at ₹6,985 crore versus ₹3,138 crore a year ago, while EBITDA margin was reported at 22.9% versus 12.9%. The same snapshot noted EBITDA of ₹6,985 crore compared with an ET NOW poll estimate of ₹5,850 crore, and an EBITDA margin of 22.9% versus an ET NOW poll estimate of 16.3%.

Key numbers at a glance

Market impact and what investors will track

The results highlighted a quarter where multiple businesses delivered record EBITDA, while the group also absorbed a large exceptional charge related to the Oswego fire. For investors, the segment-level EBITDA records in aluminium upstream (₹7,390 crore) and copper (₹918 crore) help explain the scale of the consolidated profit expansion. The Novelis release adds more operating context, including the 5% shipment decline to 916 kilotonnes and the June restart of the Oswego hot mill. Novelis also reported adjusted free cash flow as an outflow of $1,100 million in Q1 FY27 versus an outflow of $195 million in the prior-year period, and said it expected positive free cash flow by the end of FY27 Q4. It reported a net leverage ratio of 4.5x and liquidity of $1,100 million.

Scheduled discussion with analysts

The provided material also referenced an earnings conference call scheduled for Friday, August 7, 2026, at 4:00 PM IST. Such calls typically focus on drivers behind margins, the near-term impact of one-offs, and segment outlooks. In this case, operational updates around Oswego and Bay Minette, and the pace of cost savings at Novelis, are likely to be key topics given the disclosed shipment impact and cash flow outflow. Investors will also track how the company frames the exceptional expenses of ₹2,299 crore and whether there are any further costs tied to the incident.

Conclusion

Hindalco’s Q1 FY27 results showed record consolidated profit of ₹7,013 crore and record revenue from operations of ₹84,825 crore, supported by record EBITDA performance in aluminium upstream, copper and Novelis. The quarter also carried exceptional expenses of ₹2,299 crore linked to the Oswego fire, while Novelis reported the hot mill restart in June and guided to commercial shipments from Bay Minette in Q1 FY28. The next key checkpoint is the scheduled earnings call on August 7, 2026, where management commentary may add operational and financial detail to the published numbers.