The Aditya Birla Group's metals' company reported its strongest-ever quarterly performance in the first quarter of FY27
Hindalco Industries on Friday said its consolidated net profit rose over 75 per cent year-on-year to Rs 7,013 crore in the June quarter, driven by increased revenues from aluminium and copper segments. The company had reported a net profit of Rs 4,004 crore in the first quarter of the preceding 2025-26 fiscal, the Aditya Birla Group entity said in an exchange filing. During April-June, the company's total income also increased to Rs 85,882 crore from Rs 64,834 crore in the year-ago period, posting a rise of around 32 per cent. The share of the aluminium upstream segment in the revenue was Rs 13,403 crore while copper's contribution was Rs 17,232 crore. Revenue from Novelis, the US-based aluminium producer and subsidiary of Hindalco Industries, was Rs 54,763 crore. Hindalco Industries Limited is the metals flagship of the Aditya Birla Group. A USD 31-billion metals powerhouse is the world's largest aluminium company by revenue and a major global player in copper and speciality ...
Q1FY27 company results: Firms including Oil India, Power Finance Corporation, BEML, Godrej Consumer Products, and The Ramco Cements are also to release their April-June earnings today
Hindalco Industries will invest Rs 50,000 crore in India over the next three years across upstream and downstream businesses and is evaluating an additional Rs 50,000 crore of growth opportunities, creating a potential Rs 1 lakh crore investment pipeline, its Chairman Kumar Mangalam Birla said on Thursday. Speaking at the company's 67th Annual General Meeting, Birla said, "Across our businesses, Hindalco is executing an unprecedented investment to enhance capacities in our mines, upstream and downstream operations in India. We have already earmarked Rs 50,000 crore for strategic growth projects across the value chain. Another Rs 50,000 crore of opportunities are being evaluated." This potential Rs 1 lakh crore investment pipeline will lift the company's growth trajectory and put the company in a strong position to meet India's demands for metal solutions. Hindalco Industries, he said, is investing across the value chain to build scale, strengthen resource security and create ...
The fresh investment will expand Hindalco's greenfield Kansariguda alumina refinery in Rayagada from 1 mtpa to 3 mtpa, taking the total project cost to ₹20,000 crore
The Nifty Metal index surged 2.5% led by Hindalco, NALCO and Hindustan Copper as aluminium prices rose over 5% from recent lows in July.
A sell-off in precious metals, especially Silver, owing to strength in the US dollar and hawkish US Federal Reserve stance, triggered selling pressure in metal stocks on Thursday, say analysts.
In Tuesday's trade, metal stocks led by Vedanta tumbled up to 7 per cent. National Aluminium, Hindustan Zinc, Hindalco and Jindal Steel were the other major losers.
Hindalco Managing Director Satish Pai says new smelting, recycling and exploration projects could help India eliminate refined copper import dependence within two years
Hindalco expects high double-digit growth in domestic aluminium downstream business in FY27, driven by ramp-up at its new rolling facility, Aditya FRP, and expansion into higher-value products
Novelis Inc, the wholly-owned subsidiary of Hindalco Industries, on Tuesday reported a consolidated net loss of USD 84 million for the quarter ended March 31, 2026, due to fire incidents at its plant in Oswego, New York. The company is a leading sustainable aluminium solutions provider and the world leader in aluminium rolling and recycling. "Net loss attributable to our common shareholder of USD 84 million, compared to a net income attributable to our common shareholder of USD 294 million in the prior year, impacted by Oswego, US, plant fires in September and November," the company said in a statement. "The decrease was due primarily to USD 630 million in pre-tax net losses related to the Oswego fires," it added. However, the consolidated net sales rose to USD 4,787 million from USD 4,587 million in the year-ago period. "Net sales for the fourth quarter of fiscal year 2026 increased 4 per cent versus the prior year period to USD 4.8 billion, mainly driven by higher average alumin
Nifty may remain rangebound in near-term; investors may prefer a calibrated strategy - staying invested while selectively booking profits in overheated stocks, says Ajit Mishra of Religare Broking.
Analysts expect Hindalco to enter the Sensex in the semi-annual rebalance, replacing Trent, with potential passive inflows of ₹3,800 crore
Buying in the metal sector came amid an overall positive market amid optimism around progress in US-Iran negotiations, which helped ease geopolitical tensions and lift global investor sentiment
Buying in the sector came despite a setback in overall market sentiment, as tensions in West Asia resurfaced just a day after the United States and Iran agreed to a temporary two-week ceasefire
GCC supply disruptions and rising global prices boost outlook for Indian aluminium producers, with integrated players likely to benefit from tighter supply
The brokerage remains structurally positive on Hindalco, considering favourable LME, its strategic expansion aligned with a robust domestic outlook, and a strong balance sheet
Hindalco denied any halt to output for its extrusions business in a statement to Reuters
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