Hindalco Industries , a leading aluminium and copper manufacturing company, has reported a robust financial performance for the latest quarter, with its Managing Director, Satish Pai, expressing optimism for continued strong results through FY26.

Financial Highlights

Strong Performance in Aluminium Segment

The company's aluminium upstream business showcased exceptional performance, achieving an Ebitda of nearly $1,500.00 per tonne. This marks one of the strongest performances for the segment in the past 15 quarters, highlighting Hindalco's operational efficiency and market positioning.

Outlook and Strategy

Satish Pai, Managing Director of Hindalco Industries, expressed confidence in the company's ability to maintain this strong quarterly performance for the remainder of FY26. However, he noted that this outlook is contingent on London Metal Exchange (LME) aluminium prices staying within the range of $2,400.00-$2,600.00 per tonne.

Integrated Business Model and Novelis Recovery

Pai emphasized the strength of Hindalco's integrated business model, which has contributed to its resilience in challenging market conditions. He also noted that the company's US subsidiary, Novelis, is expected to show significant recovery in the second half of the fiscal year.

Upcoming Projects

Hindalco is poised for further growth with two new projects scheduled for commissioning in the July-September quarter:

1. Aditya FRP: Expected to add 70,000 tonnes of rolled products
2. Copper IGT: Projected to contribute 15,000 tonnes of copper tubes

These expansions are anticipated to bolster the company's production capabilities and market presence.

Market Response

Investors responded positively to Hindalco's performance and outlook, with the company's shares closing 5.09% higher at Rs 701.60 on the day of the announcement.

Copper Business Resilience

Despite challenging market conditions, Hindalco's copper business demonstrated resilience, contributing Rs 673.00 crore to the overall Ebitda. This performance underscores the company's ability to navigate market fluctuations effectively.

Hindalco Industries' strong quarterly results and positive outlook reflect its robust operational strategies and market positioning. As the company moves forward with new projects and anticipates recovery in its US operations, it remains well-positioned to capitalize on favorable market conditions, provided metal prices remain stable within the projected range.

Hindalco Industries reported impressive financial results for the quarter ended June 30, with significant growth in revenue and profit. The company also stated that US tariffs had no effect on its Indian operations during this period.

Financial Highlights

Hindalco delivered strong quarterly results with the following key metrics:

The company's aluminium upstream business maintained industry-best margins of 44%, while the aluminium downstream segment achieved record EBITDA. The copper segment maintained healthy EBITDA despite lower TC/RCs.

Novelis Performance

Novelis, a subsidiary of Hindalco Industries, reported:

• 1% growth in shipments to 963 KT
• 8% increase in beverage can volumes

Strategic Acquisitions

The board approved two key acquisitions:

1. 100% stake in AluChem Companies Inc. for $125.00 million
2. EMIL Mines and Mineral Resources Limited

Board Composition Changes

Effective August 13:

• Mr. Yazdi Piroj Dandiwala will cease as Independent Director upon completion of his second term
• Mr. Praveen Kumar Maheshwari has resigned as Whole-time Director due to personal reasons

Ongoing Investigation

The company faces an ongoing CBI investigation regarding alleged coal mine misutilization from 2014-15. The financial impact of this investigation is currently not determinable.

US Tariffs Impact

During the company's earnings call, Hindalco management stated that US tariffs had no effect on the company's Indian operations during the first quarter.

Despite challenges, Hindalco Industries' strong performance demonstrates its resilience and strategic growth initiatives across various segments of its business.