May 20, 2025: Hindalco Industries Limited announced its financial results for the fourth quarter and full year ended March 31, 2025, posting highest-ever revenue, profit after tax (PAT), and EBITDA. The results include the performance of both Hindalco and its subsidiary, Novelis, for the year 2025.
Image source: Hindalco Industries Limited
Hindalco – consolidated financial highlights
In the last quarter of the financial year 2025, Hindalco’s revenue stood at INR 64,890 crore (USD 7.6 billion), bringing the full-year’s revenue to INR 238,496 crore (USD 27.86 billion). While the company’s Q4 revenue grew 16 per cent Y-o-Y, the full-year’s revenue rose 10 per cent.
Profit after tax was INR 5,284 crore (USD 617 million) in Q4 FY2025, up by 66.5 per cent Y-o-Y from INR 3,174 crore (USD 371 million). In the full-year, Hindalco’s PAT amounted to INR 16,002 crore, compared to INR 10,155 crore (USD 1.9 billion), reflecting a surge of 58 per cent.
Hindalco also reported a 43 per cent increase in EBITDA from INR 7,201 crore (USD 841 million) in Q4 FY2024 to INR 10,296 crore (USD 1.2 billion) in Q4 FY2025. In the full-year of FY2025, Hindalco’s EBITDA totalled INR 35,496 crore (USD 4.15 billion), up by 38 per cent Y-o-Y from INR 25,728 crore (USD 3 billion).
The downstream sector generated strong quarterly EBITDA at INR 219 crore (USD 25.6 million), up 52 per cent over the year. Although the sales of downstream aluminium stood flat at 105,000 tonnes, its revenue gained 23 per cent, standing at INR 3,595 crore (USD 420 million).
Hindalco pointed out the positive result was driven by a strong operational performance in India, supported by favourable macros and lower inputs costs.
Commenting on the results, Mr Satish Pai, Managing Director of Hindalco, said: “Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses. Our Aluminium Upstream business in India remained a strong anchor, complemented by robust growth in the downstream business. The Copper business achieved a record EBITDA backed by strong value-added product sales. Despite tighter scrap spreads, Novelis delivered a resilient performance through increased beverage can shipments.”
Novelis performance at a glance
Hindalco posted that its revenue from Novelis stood at USD 4.6 billion in Q4 FY2025, marking an annual increase of 12.2 per cent from USD 4.1 billion. In the entire year, revenue totalled USD 17.1 billion, up by 5.55 per cent from USD 16.2 billion.
However, despite the increase in revenue, Hindalco’s Q4 Adjusted EBITDA decreased Y-o-Y from USD 514 million to USD 473 million. Similarly, the company’s full-year EBITDA dwindled from USD 1,873 million to USD 1,802 million.
Shipments stood at 957,000 tonnes, slightly up by 1 per cent Y-o-Y.
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