Hindalco Industries Limited has announced its participation in the IIFL 17th Entrepreneurial India Conference 2026, informing stock exchanges about the scheduled investor engagement under Regulation 30 of SEBI listing requirements.

Conference Details

The company's representatives will participate in investor meetings at the conference, providing an opportunity for direct engagement with the investment community.

Regulatory Compliance and Information Sharing

The company has emphasized its commitment to regulatory compliance by clearly stating that no unpublished price sensitive information will be shared during the investor interactions. This disclosure aligns with SEBI's requirements for maintaining transparency while protecting market integrity.

The meeting schedule was received by the company representative on February 23, 2026, with a note that timing may be subject to change due to exigencies from either the organizer or the company.

Presentation Materials

Investors attending the conference will have access to existing company presentations, including:

• Q3FY26 Earnings Presentation
• Investor Day 2025 presentation dated April 1, 2025

These materials are also available on the company's official website at www.hindalco.com , ensuring broader accessibility for stakeholders who may not attend the conference.

Corporate Communication

The announcement was made through a formal communication to BSE Limited, National Stock Exchange of India Limited, and Luxembourg Stock Exchange, signed by Geetika Anand, Company Secretary & Compliance Officer. This multi-exchange notification reflects the company's listing presence across different markets and its commitment to comprehensive stakeholder communication.

Hindalco Industries delivered a strong performance in Q3FY26, with its India operations achieving record profitability despite headwinds from the Novelis Oswego plant fires. The company's earnings conference call on February 12, 2026, highlighted robust operational execution and strategic progress across its aluminum and copper businesses.

Financial Performance Overview

The company's consolidated results showed mixed performance, with strong India operations offsetting Novelis challenges. Consolidated business segment EBITDA grew 6% year-on-year to INR 8,762 crores, while consolidated profit after tax declined 45% to INR 2,049 crores due to exceptional items related to the Novelis Oswego fires.

India Business Segment Performance

Hindalco's India operations delivered exceptional results across both aluminum and copper segments. The upstream aluminum business maintained its position in the first decile of the global cost curve, achieving an EBITDA of $1,572 per ton with margins of 45%.

Aluminum Operations Excellence

The India upstream aluminum segment demonstrated resilient performance with shipments up 2% year-on-year and revenues growing 6%. Quarterly EBITDA increased 14% to INR 4,832 crores, reflecting operational excellence and cost discipline.

The downstream aluminum business continued its strong momentum with shipments up 9% year-on-year to 108 Kt. Quarterly EBITDA surged 55% to INR 233 crores, driven by higher volumes, improved product mix, and premiumization initiatives. The resultant EBITDA per ton stood at $241, marking a 35% year-on-year increase.

Copper Business Resilience

Despite challenging market conditions, the copper business maintained steady performance with overall metal shipments at 122 Kt, up 1% year-on-year. However, CCR volumes declined 14% to 82 Kt due to weaker domestic demand amid higher LME prices and elevated channel inventories. Quarterly copper EBITDA was INR 595 crores, down 23% year-on-year, primarily due to lower treatment charges and concentrate mix impacts.

Novelis Operations and Recovery Strategy

Novelís recorded adjusted shipments of 881 Kt after accounting for 72 Kt lower shipments due to the Oswego fires. The adjusted EBITDA stood at $436 million ($495 per ton), up 22% year-on-year, excluding the $54 million impact from Oswego fires and $34 million from tariffs.

The company accelerated its cost efficiency initiatives, raising the FY26 exit savings run rate target to $150 million from the previously announced $125 million. Management remains committed to the three-year goal of permanently reducing the cost structure by $300 million by FY28 exit.

Strategic Developments and Expansion Projects

Hindalco continued advancing its growth initiatives across multiple fronts. The Bay Minette 600 Kt greenfield rolling and recycling facility remains on schedule for completion in the second half of FY26. Key upstream expansion projects, including the Aditya Alumina Refinery and aluminum smelters, are progressing well and remain on schedule.

Sustainability and ESG Excellence

The company achieved significant sustainability milestones during the quarter. Hindalco scored 89 out of 100 in the S&P Global CSA 2025, the highest ever score achieved by the company, maintaining its leadership position in the aluminum industry. The company recycled 82% of total waste generated and planted 70,000 saplings across mines and plant locations.

Financial Position and Capital Structure

Hindalco maintained a strong balance sheet with net debt to EBITDA at 1.73x at the end of December 2025, well below the 2x target. During the quarter, the company's subsidiary AV Minerals raised $800 million at SOFR plus 105 basis points, with $750 million infused into Novelis as equity. An additional $200 million facility was upsized in February 2026 at the same pricing.

Market Outlook and Guidance

Management provided positive guidance for Q4FY26, expecting strong performance from the India business. Aluminum demand in India is projected to reach 1.5 million tons in Q3FY26, reflecting robust 9% year-on-year growth. The copper market showed strong momentum with domestic demand rising 10% year-on-year to 402,000 tons.

For Q4FY26, the company expects aluminum costs to increase by approximately 1%, primarily driven by higher calcined petroleum coke prices. The aluminum hedging position for Q4FY26 stands at 64% on commodity at $2,807 per ton and 26% on currency at INR 88.18 per dollar.