Hindalco Industries Ltd.
HINDALCOCommodities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
15 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 15 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20230530 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230812 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231117 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240220 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240529 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240820 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241118 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250219 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250526 | 2025-03-31 | yes | |
| TRANSCRIPT | 20260526 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250818 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251106 | 2025-09-30 | yes | |
| TRANSCRIPT | 20251113 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260218 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260813 | 2026-06-30 | yes |
HINDALCO
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 982.00 |
| 52-week range | 741.05 – 1149.7 |
| Return 1M | -6.57% |
| Return 3M | 3.02% |
| Return 1Y | 32.51% |
| Return 3Y | 109.23% |
| Return 5Y | 105.12% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 84,825.00 |
| Other income | 1,057.00 |
| Total income | 85,882.00 |
| Cost of materials consumed | 60,499.00 |
| Purchases of stock-in-trade | 99.00 |
| Changes in inventories | -6,881.00 |
| Employee benefit expense | 4,725.00 |
| Finance costs | 966.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.35 | 0.00 |
| institutions foreign | 0.36 | 0.01 |
| institutions domestic | 0.20 | -0.02 |
| mutual funds | 0.10 | -0.01 |
| public | 0.65 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 15 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 56,176.00 | 53,151.00 | 55,857.00 | 52,991.00 | 54,169.00 | 52,808.00 | 55,994.00 | 57,013.00 | 58,203.00 | 58,390.00 | 64,890.00 | 64,232.00 | 66,058.00 | 66,521.00 | 78,133.00 | 84,825.00 |
| Other income | 328.00 | 366.00 | 352.00 | 391.00 | 463.00 | 280.00 | 362.00 | 424.00 | 1,075.00 | 509.00 | 700.00 | 602.00 | 713.00 | 549.00 | 1,025.00 | 1,057.00 |
| Total income | 56,504.00 | 53,517.00 | 56,209.00 | 53,382.00 | 54,632.00 | 53,088.00 | 56,356.00 | 57,437.00 | 59,278.00 | 58,899.00 | 65,590.00 | 64,834.00 | 66,771.00 | 67,070.00 | 79,158.00 | 85,882.00 |
| Cost of materials consumed | 34,285.00 | 32,670.00 | 33,708.00 | 31,786.00 | 34,851.00 | 31,373.00 | 32,758.00 | 35,369.00 | 36,333.00 | 34,536.00 | 39,842.00 | 43,543.00 | 42,754.00 | 47,455.00 | 55,890.00 | 60,499.00 |
| Purchases of stock-in-trade | 312.00 | 989.00 | 132.00 | 666.00 | 257.00 | 704.00 | 131.00 | 317.00 | 626.00 | 152.00 | 101.00 | 486.00 | 477.00 | 426.00 | 89.00 | 99.00 |
| Changes in inventories | 570.00 | 703.00 | 2,059.00 | 789.00 | -1,107.00 | 157.00 | 1,490.00 | -1,591.00 | -1,171.00 | 778.00 | -343.00 | -3,080.00 | -1,644.00 | -5,382.00 | -3,976.00 | -6,881.00 |
| Employee benefit expense | 3,210.00 | 3,259.00 | 3,560.00 | 3,529.00 | 3,648.00 | 3,845.00 | 3,756.00 | 3,877.00 | 3,799.00 | 3,800.00 | 3,930.00 | 4,253.00 | 4,121.00 | 4,349.00 | 4,425.00 | 4,725.00 |
| Finance costs | 879.00 | 934.00 | 986.00 | 992.00 | 1,034.00 | 944.00 | 888.00 | 859.00 | 869.00 | 817.00 | 874.00 | 754.00 | 803.00 | 881.00 | 1,042.00 | 966.00 |
| Depreciation and amortisation | 1,713.00 | 1,768.00 | 1,856.00 | 1,786.00 | 1,843.00 | 1,874.00 | 2,018.00 | 1,892.00 | 1,932.00 | 1,939.00 | 2,118.00 | 2,080.00 | 2,155.00 | 2,220.00 | 2,375.00 | 2,337.00 |
| Other expenses | 12,437.00 | 11,982.00 | 11,071.00 | 10,507.00 | 10,908.00 | 10,864.00 | 11,178.00 | 11,538.00 | 10,733.00 | 11,541.00 | 12,524.00 | 11,124.00 | 11,384.00 | 11,679.00 | 11,687.00 | 12,451.00 |
| Total expenses | 53,406.00 | 52,305.00 | 53,372.00 | 50,055.00 | 51,434.00 | 49,761.00 | 52,219.00 | 52,261.00 | 53,121.00 | 53,563.00 | 59,046.00 | 59,160.00 | 60,050.00 | 61,628.00 | 71,532.00 | 74,196.00 |
| Profit before exceptional items and tax | 3,098.00 | 1,212.00 | 2,837.00 | 3,327.00 | 3,198.00 | 3,327.00 | 4,137.00 | 5,176.00 | 6,157.00 | 5,336.00 | 6,544.00 | 5,674.00 | 6,721.00 | 5,442.00 | 7,626.00 | 11,686.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | -12.00 | 33.00 | 0.00 | 0.00 | -330.00 | -514.00 | -41.00 | 6.00 | 0.00 | -182.00 | -2,610.00 | -4,171.00 | -2,299.00 |
| Profit before tax | 3,098.00 | 1,212.00 | 2,837.00 | 3,315.00 | 3,231.00 | 3,327.00 | 4,137.00 | 4,846.00 | 5,643.00 | 5,295.00 | 6,550.00 | 5,674.00 | 6,539.00 | 2,832.00 | 3,455.00 | 9,387.00 |
| Current tax | 699.00 | 399.00 | 674.00 | 511.00 | 754.00 | 838.00 | 902.00 | 1,319.00 | 1,625.00 | 1,871.00 | 1,539.00 | 1,506.00 | 1,751.00 | 1,617.00 | 2,657.00 | 2,595.00 |
| Deferred tax | 196.00 | -547.00 | -246.00 | 352.00 | 281.00 | 159.00 | 60.00 | 455.00 | 109.00 | -310.00 | -273.00 | 166.00 | 48.00 | -837.00 | -1,803.00 | -215.00 |
| Tax expense | 895.00 | -148.00 | 428.00 | 863.00 | 1,035.00 | 997.00 | 962.00 | 1,774.00 | 1,734.00 | 1,561.00 | 1,266.00 | 1,672.00 | 1,799.00 | 780.00 | 854.00 | 2,380.00 |
| Profit for the period | 2,205.00 | 1,362.00 | 2,411.00 | 2,454.00 | 2,196.00 | 2,331.00 | 3,174.00 | 3,074.00 | 3,909.00 | 3,735.00 | 5,284.00 | 4,004.00 | 4,741.00 | 2,049.00 | 2,597.00 | 7,013.00 |
| Profit attributable to owners | 2,205.00 | 1,362.00 | 2,411.00 | 2,454.00 | 2,196.00 | 2,331.00 | 3,174.00 | 3,074.00 | 3,909.00 | 3,735.00 | 5,283.00 | 4,004.00 | 4,741.00 | 2,049.00 | 2,597.00 | 7,013.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | — | — | 0.00 | 0.00 | 1.00 | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 925.00 | 1,359.00 | -1,189.00 | 1,511.00 | -757.00 | 1,838.00 | -662.00 | 1,949.00 | 954.00 | -2,313.00 | 1,776.00 | 2,719.00 | 969.00 | 49.00 | -3,009.00 | 8,500.00 |
| Total comprehensive income | 3,130.00 | 2,721.00 | 1,222.00 | 3,965.00 | 1,439.00 | 4,169.00 | 2,512.00 | 5,023.00 | 4,863.00 | 1,422.00 | 7,060.00 | 6,723.00 | 5,710.00 | 2,098.00 | -412.00 | 15,513.00 |
| Earnings per share, basic | 9.92 | 6.13 | 10.85 | 11.05 | 9.88 | 10.50 | 14.29 | 13.84 | 17.59 | 16.82 | 23.80 | 18.03 | 21.35 | 9.23 | 11.70 | 31.58 |
| Earnings per share, diluted | 9.90 | 6.13 | 10.83 | 11.03 | 9.87 | 10.49 | 14.27 | 13.81 | 17.56 | 16.79 | 23.76 | 18.00 | 21.32 | 9.21 | 11.67 | 31.51 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 118,144.00 | 131,985.00 | 195,059.00 | 223,202.00 | 215,962.00 | 238,496.00 | 274,944.00 |
| Other income | 1,186.00 | 1,222.00 | 1,136.00 | 1,257.00 | 1,496.00 | 2,708.00 | 2,889.00 |
| Total income | 119,330.00 | 133,207.00 | 196,195.00 | 224,459.00 | 217,458.00 | 241,204.00 | 277,833.00 |
| Cost of materials consumed | 68,032.00 | 77,630.00 | 125,335.00 | 135,976.00 | 130,768.00 | 146,080.00 | 189,642.00 |
| Purchases of stock-in-trade | 256.00 | 1,098.00 | 1,958.00 | 1,553.00 | 1,758.00 | 1,196.00 | 1,478.00 |
| Changes in inventories | -17.00 | -2,146.00 | -9,753.00 | 3,241.00 | 1,329.00 | -2,327.00 | -14,082.00 |
| Employee benefit expense | 8,832.00 | 10,782.00 | 11,936.00 | 13,063.00 | 14,778.00 | 15,406.00 | 17,148.00 |
| Finance costs | 4,197.00 | 3,738.00 | 3,768.00 | 3,646.00 | 3,858.00 | 3,419.00 | 3,480.00 |
| Depreciation and amortisation | 5,091.00 | 6,628.00 | 6,729.00 | 7,086.00 | 7,521.00 | 7,881.00 | 8,830.00 |
| Other expenses | 26,735.00 | 27,085.00 | 37,236.00 | 46,703.00 | 43,457.00 | 46,336.00 | 45,874.00 |
| Total expenses | 113,126.00 | 124,815.00 | 177,209.00 | 211,268.00 | 203,469.00 | 217,991.00 | 252,370.00 |
| Profit before exceptional items and tax | 6,204.00 | 8,392.00 | 18,986.00 | 13,191.00 | 13,989.00 | 23,213.00 | 25,463.00 |
| Exceptional items | -284.00 | -492.00 | 582.00 | 41.00 | 21.00 | -879.00 | -6,963.00 |
| Profit before tax | 5,920.00 | 7,900.00 | 19,568.00 | 13,232.00 | 14,010.00 | 22,334.00 | 18,500.00 |
| Current tax | 1,541.00 | 1,881.00 | 3,801.00 | 2,856.00 | 3,005.00 | 6,354.00 | 7,531.00 |
| Deferred tax | 616.00 | 842.00 | 1,572.00 | 288.00 | 852.00 | -19.00 | -2,426.00 |
| Tax expense | 2,157.00 | 2,723.00 | 5,373.00 | 3,144.00 | 3,857.00 | 6,335.00 | 5,105.00 |
| Profit for the period | 3,767.00 | 3,483.00 | 13,730.00 | 10,097.00 | 10,155.00 | 16,002.00 | 13,391.00 |
| Profit attributable to owners | 3,767.00 | — | 13,730.00 | 10,097.00 | 10,155.00 | 16,001.00 | 13,391.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | 0.00 | — | 1.00 | 0.00 |
| Other comprehensive income | -2,723.00 | 4,784.00 | -1,148.00 | 7,460.00 | 1,930.00 | 2,366.00 | 728.00 |
| Total comprehensive income | 1,044.00 | 8,267.00 | 12,582.00 | 17,557.00 | 12,085.00 | 18,368.00 | 14,119.00 |
| Earnings per share, basic | 16.94 | 15.66 | 61.73 | 45.42 | 45.71 | 72.05 | 60.31 |
| Earnings per share, diluted | 16.93 | 15.65 | 61.65 | 45.36 | 45.65 | 71.91 | 60.20 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 224,122.00 | 224,817.00 | 224,741.00 | 231,907.00 | 252,264.00 | 265,991.00 | 296,680.00 | 347,795.00 |
| Non-current assets | 129,155.00 | 135,506.00 | 138,702.00 | 149,564.00 | 158,180.00 | 164,032.00 | 180,231.00 | 206,765.00 |
| Current assets | 94,857.00 | 89,260.00 | 85,993.00 | 82,299.00 | 94,027.00 | 101,901.00 | 116,245.00 | 140,871.00 |
| Property, plant and equipment | 76,747.00 | 78,530.00 | 78,292.00 | 79,698.00 | 79,087.00 | 84,237.00 | 88,274.00 | 94,217.00 |
| Capital work-in-progress | 5,220.00 | 7,340.00 | 10,924.00 | 14,643.00 | 22,341.00 | 27,023.00 | 34,680.00 | 47,569.00 |
| Goodwill | 25,017.00 | 25,745.00 | 25,880.00 | 26,075.00 | 26,375.00 | 26,683.00 | 28,195.00 | 29,553.00 |
| Other intangible assets | 6,517.00 | 6,331.00 | 6,344.00 | 5,991.00 | 5,722.00 | 5,591.00 | 5,512.00 | 6,420.00 |
| Inventories | 45,842.00 | 42,958.00 | 42,522.00 | 40,812.00 | 47,625.00 | 48,801.00 | 60,379.00 | 75,517.00 |
| Trade receivables | 19,725.00 | 16,214.00 | 16,628.00 | 16,404.00 | 18,016.00 | 19,834.00 | 20,649.00 | 27,222.00 |
| Cash and cash equivalents | 11,788.00 | 12,840.00 | 10,872.00 | 11,816.00 | 9,645.00 | 9,808.00 | 10,944.00 | 14,350.00 |
| Total equity and liabilities | 224,122.00 | 224,817.00 | 224,741.00 | 231,907.00 | 252,264.00 | 265,991.00 | 296,680.00 | 347,795.00 |
| Equity | 90,895.00 | 94,817.00 | 99,506.00 | 106,157.00 | 115,187.00 | 123,721.00 | 134,878.00 | 136,595.00 |
| Equity share capital | 222.00 | 222.00 | 222.00 | 222.00 | 222.00 | 222.00 | 222.00 | 222.00 |
| Other equity | 90,662.00 | 94,584.00 | 99,273.00 | 105,924.00 | 114,954.00 | 123,487.00 | 134,644.00 | 136,361.00 |
| Total liabilities | 133,227.00 | 130,000.00 | 125,235.00 | 125,750.00 | 137,077.00 | 142,270.00 | 161,802.00 | 211,200.00 |
| Non-current liabilities | 69,486.00 | 69,543.00 | 67,816.00 | 66,399.00 | 68,192.00 | 76,754.00 | 82,848.00 | 94,691.00 |
| Current liabilities | 63,651.00 | 60,457.00 | 57,419.00 | 59,351.00 | 68,885.00 | 65,516.00 | 78,844.00 | 116,509.00 |
| Borrowings, non-current | 50,905.00 | 51,434.00 | 49,524.00 | 47,395.00 | 47,831.00 | 56,217.00 | 62,107.00 | 75,595.00 |
| Borrowings, current | 10,628.00 | 6,901.00 | 7,051.00 | 7,106.00 | 11,290.00 | 5,714.00 | 10,563.00 | 21,064.00 |
| Trade payables | 35,476.00 | 35,860.00 | 31,093.00 | 34,444.00 | 37,585.00 | 40,632.00 | 46,404.00 | 61,624.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 4,714.00 | 19,208.00 | 5,229.00 | 24,056.00 | 7,652.00 | 24,410.00 | 8,036.00 | 10,250.00 |
| Net cash from investing activities | 1,262.00 | -8,121.00 | -2,905.00 | -14,276.00 | -10,667.00 | -24,739.00 | -12,683.00 | -26,583.00 |
| Net cash from financing activities | -5,901.00 | -10,345.00 | -4,342.00 | -10,817.00 | 786.00 | -1,816.00 | 5,285.00 | 20,087.00 |
| Purchase of property, plant and equipment | 3,537.00 | 9,842.00 | 6,955.00 | 15,728.00 | 9,360.00 | 20,649.00 | 10,685.00 | 30,096.00 |
| Net increase in cash | 147.00 | 1,199.00 | -1,966.00 | -1,028.00 | -2,165.00 | -2,015.00 | 1,148.00 | 4,554.00 |
| con:CFO.BEFORE_TAX | 4,714.00 | 21,941.00 | 6,337.00 | 26,731.00 | 9,847.00 | 29,877.00 | 10,323.00 | 16,726.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 0.00 | 2,733.00 | 1,108.00 | 2,675.00 | 2,195.00 | 5,467.00 | 2,287.00 | 6,476.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 271.00 | 0.00 | 0.00 | 51.00 | 7,290.00 | 100.00 | 1,325.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 3,164.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 100.00 | 27.00 | 50.00 | 255.00 | 245.00 | 145.00 | 338.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 24.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 682.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 17.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 34.64 | 34.64 | 34.64 | 34.64 | 34.64 | 34.64 | 34.64 | 0.35 | 34.64 | 34.64 | 0.35 | 0.35 | 0.35 | 0.35 |
| Domestic institutions | 26.23 | 26.11 | 25.82 | 25.22 | 25.79 | 25.57 | 24.32 | 0.25 | 24.81 | 25.06 | 0.24 | 0.23 | 0.21 | 0.20 |
| Mutual funds | — | — | — | — | — | — | — | 0.13 | — | 13.67 | 0.13 | 0.13 | 0.11 | 0.10 |
| Insurance companies | 13.58 | 13.03 | 12.39 | 10.28 | 10.32 | 9.61 | 8.69 | 0.09 | 8.92 | 8.83 | 0.09 | 0.07 | 0.07 | 0.07 |
| Foreign institutions | 29.86 | 29.93 | 30.69 | 31.59 | 30.53 | 30.86 | 32.26 | 0.32 | 31.83 | 31.39 | 0.32 | 0.32 | 0.34 | 0.36 |
| Government | — | — | — | — | — | — | — | 0.00 | — | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 64.95 | 64.97 | 64.94 | 64.89 | 64.90 | 64.92 | 64.86 | 0.65 | 64.89 | 64.91 | 0.65 | 0.65 | 0.65 | 0.65 |
| Non-institutional | 8.63 | 8.70 | 8.20 | 7.85 | 8.35 | 8.26 | 8.04 | 0.08 | 8.03 | 8.23 | 0.08 | 0.09 | 0.09 | 0.09 |
| Shares outstanding | 2147861932 | 2149971837 | 2149873875 | 2149513355 | 2149466252 | 2149811621 | 2149811621 | 2149863247 | 2149863247 | 2147577447 | 2143473436 | 2139065336 | 2139053755 | 2138803331 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Novelis Corporation | Wholly owned subsidiary | Any other transaction, Interest paid, Interest recei | 97,805,900,000.00 | 48 |
| Novelis Deutschland GmbH | Wholly owned subsidiary | Any other transaction, Interest received, Loan, Purc | 83,924,600,000.00 | 36 |
| Utkal Alumina International Limited | Wholly owned subsidiary | Any other transaction, Interest paid, Investment, Lo | 36,498,600,000.00 | 13 |
| Ulsan Aluminum Ltd. (South Korea) | Joint Operation of Hindalco subsid | Any other transaction, Purchase of goods or services | 32,014,300,000.00 | 5 |
| Novelis Inc. | Subsidiary of Hindalco | Any other transaction, Interest received, Sale of go | 28,473,300,000.00 | 38 |
| Novelis MEA Ltd | Subsidiary of Hindalco | Any other transaction, Sale of goods or services | 28,133,100,000.00 | 11 |
| Ulsan Aluminum Ltd. | Joint Operation of Hindalco subsid | Any other transaction, Sale of goods or services | 27,270,100,000.00 | 2 |
| Novelis (China) Aluminum Products Co., Ltd. | Subsidiary of Hindalco | Any other transaction, Interest received, Loan, Sale | 16,956,600,000.00 | 18 |
| Novelis ALR Rolled Products, Inc. | Subsidiary of Hindalco | Any other transaction, Sale of goods or services | 14,885,900,000.00 | 15 |
| Novelis Koblenz GmbH | Wholly owned subsidiary | Any other transaction, Interest received, Loan, Purc | 13,935,900,000.00 | 26 |
| Logan Aluminum Inc. | Joint Operation of Hindalco subsid | Purchase of goods or services, Sale of goods or serv | 13,543,300,000.00 | 2 |
| Aluminium Norf GmbH | Joint Operation of Hindalco subsid | Any other transaction, Interest received, Loan, Purc | 12,520,500,000.00 | 4 |
| Novelis Switzerland SA | Subsidiary of Hindalco | Any other transaction, Interest paid, Sale of goods | 11,321,400,000.00 | 19 |
| Grasim Industries Limited | Promoter group | Any other transaction, Dividend received, Investment | 6,782,300,000.00 | 9 |
| Novelis do Brasil Ltda. | Subsidiary of Hindalco | Any other transaction, Interest received, Sale of go | 6,717,600,000.00 | 8 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-13 | Q1FY27 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED, NOVELIS | Read the call |
| 2026-05-26 | FYFY25 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED, NOVELIS | Read the call |
| 2026-02-18 | Q3FY26 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED, NOVELIS | Read the call |
| 2025-11-13 | Q2FY26 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED, NOVELIS | Read the call |
| 2025-11-06 | Q2FY26 | Read the call | |
| 2025-08-18 | Q1FY26 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED, NOVELIS | Read the call |
| 2025-05-26 | Q4FY25 | HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED, OFFICER, NOVELIS INC. | Read the call |
| 2025-02-19 | Q3FY25 | HINDALCO INDUSTRIES LIMITED, INC., INDUSTRIES LIMITED, OFFICER, HINDALCO INDUSTRIES LIMITE | Read the call |
| 2024-11-18 | Q2FY25 | INDUSTRIES LIMITED, conference is being recorded. | Read the call |
| 2024-08-20 | Q1FY25 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED, NOVELIS | Read the call |
| 2024-05-29 | Q4FY24 | HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED | Read the call |
| 2024-02-20 | Q3FY24 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED | Read the call |
| 2023-11-17 | Q2FY24 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED | Read the call |
| 2023-08-12 | Q1FY24 | INDUSTRIES, OFFICER, HINDALCO INDUSTRIES | Read the call |
| 2023-05-30 | Q4FY23 | EXECUTIVE OFFICER – NOVELIS, HINDALCO INDUSTRIES LIMITED, INDUSTRIES LIMITED, NOVELIS | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY25 | Q2FY26 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 |
|---|---|---|---|---|---|---|---|---|
| Capex | All our strategic capex in India is mapped with cash flow generations in the business and is in line with our capital allocation policy. | In China, aluminium production increased by 1% to approximately 32.5 million tons, supported by capacity additions in Yunnan, Sichuan and Inner Mongol… | All our strategic CAPEX in India is mapped with the cash flow generation in the business and is in line with our capital allocation policy. | All our strategic CAPEX in India are matched with cash flow generations in the business. | In China, production rose 2% year-on-year to about 44 million tons, driven by capacity additions in Yunnan, Sichuan and Inner Mongolia, partially offs… | All our strategic capex in India as well as Novelis are mapped with the cash flow generation in the business and are in line with our capital allocati… | Going forward, the RBI projects GDP growth to remain robust at 7% in the financial year 2025 driven by a broad-based pickup in the private capex cycle… | All our strategic CAPEX in India are mapped with cash flow generation in the business and are in line with our capital allocation policy. |
| Capital allocation | — | — | — | — | — | — | But how long will it take to close the land acquisition now? | The proposed acquisition of the Bandha coal mine by Hindalco, subject to shareholders and other regulatory approvals, aims to meet the Company's strat… |
| Costs | With definitive agreements now signed with OMC, we are moving forward with our greenfield alumina refinery of 850 Kt that will supply low-cost alumina… | This increased cost estimate is a result of a combination of factors including inflation, both traditional inflation as well as tariffs, and higher co… | February 13, 2024 supported by lower input costs. | At the same time, we are also engaged in cost control measures and initiatives to improve operational efficiency to mitigate the ongoing pressure on s… | — | This quarter's performance on a consolidated basis was impacted by higher input costs and unfavorable macros. | So all these input costs have come down. | 4,838 crores, primarily driven by lower input costs and favorable macros. |
| Debt and cash | On the balance sheet side, our consolidated net debt stands at INR36,033 crores. | Now, let's turn to cash flow on Slide 9. | On the “Balance Sheet” side: Our consolidated net debt stands at ₹34,835 crores. | On the balance sheet side, our consolidated net debt stands at Rs. | After that, they are going to go on a deleveraging cycle. | On the balance sheet side, our consolidated net debt stands at ₹33,959 crores. | On the balance sheet side, our consolidated net debt stands at INR31,536 crores. | On the balance sheet side, our consolidated net debt stands at Rs. |
| Demand | There has been some flattening of momentum with softening manufacturing growth and moderating urban consumer demand. | While external headwinds, 50% U.S. tariffs and weakening global demand pose challenges, a strong set of domestic tailwinds is sustaining momentum. | Coming to our “Business-Wise Performance” this quarter: Novelis shipments were at 910 Kt versus 908 Kt in the prior period due to softer market demand… | Recent high frequency indicators present a mixed picture with economic activity expected to moderately pick up in the second-half of ‘25, driven by fe… | Global inflation is projected to moderate to 3.8% in 2026, from 4.1% in 2025, as softer demand and lower energy prices persist. | Aggregate demand conditions have been resilient with urban and rural demand indicators gaining some traction, but the moment needs -- momentum needs t… | Novelis shipments were at 951 Kt versus 936 Kt in the prior period, up 2% year- on-year due to increased demand for beverage packaging. | Improved demand in both rural and urban and a resilient service sector bode well for growth outlook. |
| Guidance | Automotive growth reflects steady to positive outlook for aluminum in North America. | We expect the impact on near-term EBITDA could elevate net leverage into the vicinity of 4x for a short period of time before returning quickly toward… | This settlement reflects a decrease of 9% compared to calendar year 2023, benchmark of 22.6 cents per pound.During Q3 FY '24, the supply side faced ch… | We expect this to settle down with improved efficiencies in the coming quarters. | Our long-term guidance of $600 per ton remains intact as we advance on accelerated pace in our $300 million structural cost reduction program, driving… | So at least from my side, my guidance, I'm going to be a little bit cautious. | We expect this to settle down with improved efficiencies in the coming quarters. | Overall, while certain regions face policy-related headwinds, the medium to long-term outlook for global FRP demand across the end-use sectors remains… |
| Margin | Our consolidated business segment EBITDA was up 24% year-on-year at INR8,564 crores, whereas our overall reported EBITDA was up 49% year-on-year at IN… | Our consolidated business segment EBITDA was up 6% year-on-year at INR9,104 crores this quarter. | Our consolidated business EBITDA was up 36% year-on-year at ₹6,985 crores, whereas our overall reported EBITDA was up 61% at ₹6,322 crores this quarte… | Let me now give you a glimpse of our quarterly consolidated performance this quarter versus the same quarter of last year on Slide 10: Our consolidate… | Let me now give you a glimpse of our quarterly consolidated and business segment-wise performance this quarter versus the same quarter of last year on… | Consol EBITDA was down 23% year-on-year at ₹5,818 crores, whereas the consolidated PAT declined by 37% year-on-year to ₹2,411 crores this quarter. | Our consolidated business segment EBITDA was up 27% | Let me now give you a glimpse of our quarterly consolidated performance this quarter versus the same quarter of last year on Slide #12: Our consolidat… |
| People | — | Installation of both the hot and cold mill is in progress and hiring and workforce training is well underway. | — | — | And of course, we talked before that in the second phase, the utilization of the hot mill with the second cold mill is very accretive from a return pe… | — | — | And exiting two North America specialty facilities to consolidate capacity and drive higher asset utilization. |
| Pricing | I think that most of our alumina is on an N -1 pricing, which means benchmark minus 1 month and about 20% is on spot. | Spot smelter buying terms have now settled around negative 10 cents per pound, which may indicate a potential floor in the current pricing environment… | What we can tell you is that we have got significantly higher pricing on this, on top of a much lower operating cost as compared to conventional plan. | February 14, 2025 the nearer term would be that there would be a flow of scrap into the US to fill the short position in the US, and with the capable … | Notably, this year's talks are being conducted separately by Chinese and non-Chinese smelters, signaling a potential shift away from a single global b… | This was partially offset by higher product pricing and a favorable product mix. | And lastly, on our downstream project, can you help us understand what is the kind of contracts we have, both in terms of pricing and offtake? | So just on alumina's sale, did we benefit a lot because of some land price increase versus what the spot was? |
| Revenue growth | RBI, however, has retained its full year FY '25 growth of 7.2%, owing to encouraging investment activity, steady services growth and consumption spend… | Real GDP grew by 7.8% in Q1 FY '26, supported by robust growth of 6.3% in industry and 9.3% in services. | The resultant overall production in China stood at 41.5 million tons at the end of Calendar Year ‘23, reflecting a growth of 4% YoY. | The RBI projects FY ‘26 GDP growth at 6.7% driven by recovery in household consumption and industrial activity from an estimated GDP growth of 6.4% in… | Against this backdrop, the RBI projects FY '26 growth at 7.3%, while economic survey forecasts FY '27 growth in the range of 6.8% to 7.2%. | The RBI projects real GDP growth of FY '24 to be 6.5% from an estimated 7% in FY '23 with risks evenly balanced. | On a yearly basis, the overall production in China stood at 41.5 million tons, at the end of calendar year '23, reflecting a growth of 4% year-on-year… | May 20, 2025 Turning to the copper industry on Slide #20 & #21: In Q1 Calendar Year ‘25, Chinese production reflected a growth of around 1% year- on-y… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2024-11-18 | Q2FY25 | conference is being recorded. | So as I normally give, I'll tell you that the COGS for this Q2 was down by 1.6% versus Q1. The guidance for Q3 is that it could be up by about 1% to 1.5%. |
| 2024-11-18 | Q2FY25 | conference is being recorded. | So this year's guidance of INR6,000 , we will be around INR6,000. |
| 2025-08-18 | Q1FY26 | HINDALCO INDUSTRIES LIMITED | August 12, 2025 We have completed the first round of organizational redesign, footprint optimization and process improvements and are on track to exceed over $100 million of cost savings target for this year. |
| 2026-02-18 | Q3FY26 | HINDALCO INDUSTRIES LIMITED | Our long-term guidance of $600 per ton remains intact as we advance on accelerated pace in our $300 million structural cost reduction program, driving sustained improvements in operational efficiency and margins. |
| 2026-05-26 | FYFY25 | HINDALCO INDUSTRIES LIMITED | Importantly, our long-term guidance of $600 per ton remains intact, supported by accelerated execution of our $350 million to $400 million structural cost reduction program, which is driving sustained improvements in efficiency and margins. |