Hindalco Industries Ltd. — Earnings Release 2026

Aug 12, 2025

August 12, 2025

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BSE Limited National Stock Exchange of India Limited Luxembourg Stock Exchange Scrip Code : 500440 Scrip Code : HINDALCO Scrip Code: US4330641022

Sub: Media Release of the Board Meeting of Hindalco Industries Limited [“Company”]

Ref: a. Regulation 30 (read with Schedule III- Part A) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and b. ISIN: INE038A01020

Pursuant to the above referred, kindly note that the Board of Directors of the Company at its meeting held today has inter alia considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025.

Enclosed is Media Release in this regard.

The above is being made available on the Company’s website i.e. www.hindalco.com

Sincerely,

for Hindalco Industries Limited

Geetika Digitally signed by Geetika Anand Date: 2025.08.12 Anand 14:16:21 +05'30' Geetika Anand Company Secretary and Compliance Officer

Encl. a/a

Hindalco Industries Limited

Registered Office : 21[st] Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013, India |T: +91 22 69477000 / 69477150 I F: +91 2269477001/69477090 W : www.hindalco.com | E : hilinvestors@adityabirla.com | Corporate ID No.: L27020MH1958PLC011238

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Media Release

Hindalco Results Q1 FY26

Sustained growth momentum drives strong Q1 performance

Revenue at ₹64,232 crore, up 13%; PAT at ₹4,004 crore, up 30% YoY

Underscores resilience of integrated business model

Key Highlights

• PAT at ₹4,004 crore, up 30%

• Aluminium Upstream quarterly EBITDA at ₹4,080 crore, up 17%

• Industry-best Aluminium Upstream EBITDA margins, at 44%

• All-time high Aluminium Downstream quarterly EBITDA at ₹229 crore, up 108%

• Copper EBITDA at ₹673 crore, in line with guidance

• Novelis’ shipments up 1% at 963 KT with can volumes up 8%

• Novelis’ cost reduction initiatives target $100 million run-rate savings by FY26 and $300 million by FY28

• Key growth projects such as Bay Minette and India expansions remain on track

• • Consolidated Net Debt to EBITDA at 1.02x as of June 30, 2025 vs 1.24x a year ago

MUMBAI, Aug 12, 2025

Hindalco Industries Limited, the Aditya Birla Group metals flagship, today reported results for the quarter ended June 30, 2025. Consolidated EBITDA for the first quarter stood at ₹8,673 crore, up 9% from the same quarter last year, and Net Profit increased to ₹4,004 crore, up 30% over the prior year quarter.

The robust results were driven by a strong performance by the India business, and a resilient performance by Novelis. India Aluminium Upstream business delivered another standout performance with EBITDA at ₹4,080 crore, up 17%, while Aluminium Downstream achieved a record EBITDA of ₹229 crore, up 108% compared to Q1FY25. Despite headwinds, Novelis reported a 1% increase in shipments driven by beverage can shipments which registered a solid 8 per cent growth over the prior year quarter.

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Summary of Consolidated Financial Highlights for the Quarter ended June 30, 2025

( ₹Crore)

Particulars	Q1 FY25	Q1 FY26	% Growth
Revenue from Operations	57,013	64,232	13%
EBITDA	7,992	8,673	9%
PBDT	7,133	7,919	11%
Profit Before Tax (After Exceptional Item)	4,848	5,676	17%
Profit/ (Loss) After Tax	3,074	4,004	30%
EPS (₹/Share) - Basic	13.84	18.03	30%

Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,

“After the record profitability of FY25, Hindalco sustained its growth momentum with a strong first quarter performance, driven by operational efficiencies, cost control, and an enhanced product mix.

Aluminium India Upstream business continued to outperform with industry-best EBITDA margins of 44%. Aluminium India Downstream had a stellar quarter and reported its strongest quarterly performance with 2x EBITDA growth. The Copper business delivered a healthy EBITDA in line with our guidance, despite lower TC/RCs. Novelis recorded 1% growth in shipments, driven by all-time high quarterly beverage can volumes and accelerated cost reduction initiatives.

We made significant progress in our downstream growth projects: the 170 KT Aditya FRP project, Aluminium AC fins, and the Copper IGT facility are under commissioning. Looking ahead, our integrated business model, strategic investments and cost discipline, position us well to deliver sustained growth.

On the ESG front, Hindalco continued to advance its sustainability agenda with a strong focus on climate action, waste recycling, water conservation, and biodiversity protection”

Segment-wise Performance for Q1 FY26

Novelis*

Particulars	UOM	Q1 FY25	Q1 FY26
Shipments	KT	951	963
Revenue	$Bn	4.2	4.7
Adjusted EBITDA	$Mn	500	416
EBITDA/ton	$/ton	525	432

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• Shipments at 963 KT, up 1%

• Revenue at $4.72 billion, up 13%, driven by higher average aluminium prices

• Adjusted EBITDA at $416 million, down 17% due to the impact of higher scrap prices and tariffs

• Novelis’ cost reduction measures targeting run-rate savings of over $75 million in FY26 are now expected to result in a higher FY26 run-rate savings of over $100 million, while maintaining the $300 million target for FY28.

• Bay Minette and other strategic investments projects are advancing well

*As per US GAAP

Aluminium (India)

Aluminium Upstream:

Particulars(Aluminium Upstream)	UOM	Q1 FY25	Q1 FY26
Shipments	KT	329	325
Revenue	₹ Cr	8,839	9,331
Segment EBITDA	₹ Cr	3,493	4,080
EBITDA/tonne	$/ton	1,273	1,467

• Quarterly Upstream revenue at ₹9,331 crore, up 6%

• Aluminium Upstream EBITDA at ₹4,080 crore, up 17%, driven by lower input costs

• • Aluminium Upstream EBITDA per tonne at $1,467, up 15%, with industry-best margins of 44%

Aluminium Downstream:

• Sales of Aluminium Downstream at 101 KT, up 6%

• Downstream revenue at ₹3,353 crore, up 17%

• Record Aluminium Downstream EBITDA at ₹229 crore, up 108% due to higher value addition from products like battery enclosures, high end extrusions from Silvassa and premiumisation of flat rolled products

• Downstream EBITDA per tonne at $264, up 92%

Copper (India)

Particulars	UOM	Q1 FY25	Q1 FY26
Metal Sales^	KT	119	124
^Of which CCR Sales	KT	100	104
Revenue	₹ Cr	13,292	14,886
Segment EBITDA	₹ Cr	805	673

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• Copper metal sales at 124 KT, up 4%

• Copper Continuous Cast Rod (CCR) sales at 104 KT, up 4%

• Revenue at ₹ 14,886 crore, up 12%

• Maintained a healthy EBITDA of ₹673 crore; sharply declining TC/RCs offset with higher realisation from Sulphuric acid

• Copper Tubes project progresses to commissioning phase

• Construction of copper recycling project progressing on schedule

About Hindalco Industries Limited

Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. A $28 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues, and the world’s second largest Copper rods manufacturer (outside China).

Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world’s largest recycler of aluminium.

Hindalco is India’s largest copper producer, serving more than half the country’s copper requirements. Its copper facility in Gujarat, India, comprises a world-class copper smelter and refinery complex, downstream facilities, and a captive jetty.

Hindalco’s global footprint spans 50 manufacturing units across 10 countries. Hindalco has been ranked the world’s most sustainable aluminium company in the Dow Jones Sustainability Indices (DJSI) for five consecutive years – 2020, 2021, 2022, 2023, and 2024.

Registered Office: 21st Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi Mumbai – 400013; Website: www.hindalco.com; E mail: hindalco@adityabirla.com; Corporate Identity No. L27020MH1958PLC011238

Disclaimer: Statements in this “Media Release” describing the company’s objectives, projections, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company’s operations include global and Indian demand supply conditions, finished goods prices, feed stock availability and prices, cyclical demand and pricing in the company’s principal markets, changes in Government regulations, tax regimes, economic developments within India and the countries within which the company conducts business and other factors such as litigation and labour negotiations. The company assume no responsibility to publicly amend, modify or revise any forward-looking statement, on the basis of any subsequent development, information or events, or otherwise.

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