Hindalco Industries Limited – Corporate Update and Financial Highlights (Q3 FY 26)
Corporate Status
On 11 February 2026 Hindalco Industries Limited (HINDALCO) issued a formal notice to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) regarding a fire incident at the Oswego plant of its wholly‑owned subsidiary Novelis Inc. The notice, filed under the relevant securities regulations, confirms that the incident has resulted in a temporary disruption of production at the Oswego facility. The company stated that it is assessing the impact on its supply chain and has initiated remedial actions to restore normal operations.
Quarterly Results – Novelis Inc.
In the same day, Hindalco released the Investor Presentation for Novelis Inc. for the third quarter of fiscal year 2026 (ending 31 December 2025). The presentation, circulated to shareholders and regulatory authorities, includes the following key points:
| Metric | Value |
|---|---|
| Revenue | Decline in comparison to the prior quarter due to the Oswego disruption |
| EBITDA | Maintained positive trajectory through effective cost management |
| Operating margin | Stable, reflecting disciplined expense control |
| Capital expenditure | Continued investment in new rolling capacity and recycling facilities |
Novelis’ CEO, Steve Fisher, noted that while the Oswego incident imposed short‑term capacity constraints, the company’s underlying performance remained robust. He highlighted resilience in the beverage‑packaging market, the company’s largest end‑market, and the effectiveness of recent cost‑efficiency initiatives.
Conference Call and Transcripts
On 9 February 2026, Hindalco scheduled an earnings conference call for Q3 FY 26. The call was announced through formal letters to both the NSE and BSE listing departments. The transcript of the call, which was subsequently released, provided further details on:
- The financial impact of the Oswego plant incident on revenue and cash flow.
- Guidance for the remainder of FY 26, emphasizing recovery plans for the disrupted plant.
- Updates on strategic investments in new rolling capacity and recycling technology.
- Discussion of market conditions, particularly in the beverage‑packaging sector, and the company’s position relative to competitors.
Market Position and Financial Health
Hindalco remains a leading producer of aluminum and copper products, operating through three primary segments: Aluminium, Copper, and Novelis. As of 9 February 2026, the company’s market capitalisation stood at INR 2.16 trillion, with a 52‑week high of INR 1,029.8 and a 52‑week low of INR 546.45. The price‑earnings ratio was 12.037, reflecting market expectations for steady earnings growth.
The recent events underscore the company’s focus on risk management and operational resilience. While the Oswego incident has introduced short‑term challenges, Hindalco’s diversified product portfolio and strategic investment plans position it to absorb the impact and continue delivering value to shareholders.
