From fiscal spikes to green strides, Hindalco’s Q2FY26 performance unfolded

Among the performances as mentioned above, Hindalco's consolidated revenue hit INR 2.55 billion (USD 3.07 billion), up by 10 per cent from  INR 2.31 billion (USD 2.79 billion) in Q2 FY25. EBITDA showed a year-on-year rise by 15 per cent, reaching INR 0.54 billion (USD 0.65 billion), up from INR 0.47 billion (USD 0.57 billion) from the previous year. The PAT expanded by 7 per cent, amounting to INR 0.31 billion (USD 0.37 billion) in comparison to INR 0.29 billion (USD 0.34 billion). 

Hindalco’s alumina & aluminium performance

The company's aluminium upstream shipment year-on-year increased by 4 per cent up from 328,000 tonnes in Q2 FY25 to 341,000 in Q2 FY26. This segment’s EBITDA jumped by 22 per cent and EBITDA per tonne reflected a rise of 13 per cent. Additionally, the domestic sales mix for H1 2026 recorded 10 per cent higher in comparison to the previous year. 

Irrespective of the firm’s alumina production dropping by 4 per cent year-on-year in Q2 FY26, the aluminium upstream production in Q2 FY26 rose by 2 per cent year-on-year, reaching 336,000 tonnes compared to 329,000 tonnes. In Q2 FY26, the aluminium downstream production also grew by 11 per cent, climbing to 116,000 tonnes from 104,000 tonnes in the previous year. 

Also read: Hindalco takes a close to $650 million brunt post Novelis' fire impact

The downstream aluminium shipment went as high as 113,000 tonnes, representing a 10 per cent increase in Q2 FY26 in comparison to Q2 FY25, which recorded 103,000 tonnes. This segment’s EBITDA increased by 69 per cent and EBITDA per tonne showcased a jump of 49 per cent. 

The increase in the firm’s aluminium production, despite the decline in alumina production, was in line with the demand growth. India’s aluminium demand grew by 8 per cent, rising from 1.42 million tonnes in Q2 FY25 to 1.53 million tonnes, driven by industrial sectors like building and construction, packaging and transportation. 

On the supply side, domestic production was at 671,000 tonnes, while the imports reached 527,000 tonnes, of which scrap imports recorded 334,000 tonnes. 

How India's GDP supports Hindalco

India’s GDP in the first quarter of the fiscal year 2025-26, from April to June, showed a robust growth of 7.8 per cent. As per the projection by the RBI, for FY26, India's GDP growth is forecast to grow by 6.8 per cent, largely because of the rising aluminium demand in various sectors. The rise is projected due to the rapid infrastructure development and investments in renewable energy, which is highly demanded in the aluminium sector. As of Q2 FY26, the demand for aluminium in the country is deemed to reach 1,532 thousand tonnes, showing an 8 per cent year-on-year increase from 1,424 thousand tonnes in Q2 FY25. Owing to this, the firm is working to adjust its aluminium production and supply chain. 

Transition towards a green energy mix

In Q2 FY26, the company's transition to a green energy mix brought on board 292 MW of renewable energy, which includes 188 MW from solar, 100 MW from wind, and 4 MW from hydel power. In Q3 FY26, the firm plans to add 177 MW, which shall have 137 MW of solar, 40 MW of wind and 25 MW devoted to pumped storage for renewable round-the-clock (RE RTC) power. In Q4 FY26, the company further plans to incorporate 53 MW of wind and 40 MW of pumped storage. 

As the firm exits the FY26, it is aiming to install 522 MW of total renewable energy capacity, featuring 326 MW from solar, 192 MW from wind, 4 MW from hydel and 65 MW for RE RTC. The aluminium-specific GHG emissions were recorded at 19.47 tCO₂e/t in Q2 FY26, presenting an improvement from 9.83 tCO₂e/t in Q2 FY25. 

Explore- Most accurate data to drive business decisions with 50+ reports across the value chain

Hindalco recycling in the bauxite segment achieved a 104 per cent rate in Q2 FY26, up from 83 per cent recorded in Q2 FY25. The year-over-year growth was gained due to its commitment to sustainability and circular economy initiatives. Additionally, the boost is owed because of consumers' demand for co-processing at the Belagavi plant. 

The firm's ash recycling efforts soared to 96 per cent in Q2 FY26, up from 92 per cent in Q2 FY25. In the concerned quarter, the firm had a successful recycling effort of 78 per cent, up from 69 per cent in the same quarter last year.

The firm consumed specific freshwater within the aluminium segment, which stood at 47.80 m³ per tonne of metal in Q2 FY26, showing a dip from 49.54 m³ per tonne in Q2 FY25. The less consumption of water by the firm can be attributed to the introduction of TWRU (Treated Water Reuse Units) and ZLD (Zero Liquid Discharge) systems at its Aditya and Kuppam facilities. Additionally, the launch of a Condensate Polishing Unit at Utkal Alumina also contributed to the success.

Don't miss out- Buyers are looking for your products on our B2B platform