Hindalco Q3 FY26 results: PAT falls 45% to ₹2,049 crore on Oswego hit | Company Results

Hindalco Industries Ltd on Thursday reported a 45 per cent year-on-year (y-o-y) decline for the December quarter as extraordinary losses from Oswego plant disruption weighed on earnings, even as its India business delivered record performance and supported overall operating growth.

The Aditya Birla Group company reported consolidated profit after tax (PAT) of ₹2,049 crore in the third quarter of FY26, down from ₹3,735 crore in the previous year. The decline was largely due to exceptional expenses of ₹2,610 crore linked to the Oswego incident. Excluding exceptional items, PAT rose 8 per cent to ₹ 4,051 crore.

The double fire incident occurred in September and November 2025 at the Oswego facility of Hindalco’s wholly-owned subsidiary Novelis Inc. in New York. The plant will restart the hot mill in the first quarter of FY27, the company said.

Consolidated revenue rose 14 per cent to ₹66,521 crore, supported by higher metal prices and strong momentum in the India business. EBITDA rose 5 per cent to ₹ 8,543 crore; This indicated a steady operating performance despite Novelis facing constraints related to lower volumes and disruptions.

Hindalco is a $28 billion global metals giant. It is the world’s largest Aluminum company in terms of turnover, operating in 10 countries. The company’s India business, one of the key drivers of growth, grew 24 per cent during the quarter to reach an all-time high PAT of ₹ 3,581 crore.

“This strength helped offset the impact of tariffs and the Oswego outage, supported by disciplined cost management and operational efficiencies across segments,” Managing Director Satish Pai said on the post-results conference call.

He added that the company has entered its next phase of growth with plans to increase its aluminum capacity from 1.3 million tonnes to 1.7 million tonnes and copper smelting capacity from 400 kilo tonnes (KT) to 700 KT. He also added that Novelis’ 600 KT Bay Minette project is on track to be commissioned in the second half of FY27.