, the flagship company of the Aditya Birla Group and one of the world’s largest aluminium rolling companies, on Friday reported a sharp decline in its March quarter earnings, impacted by a steep rise in expenses linked to disruptions at the Oswego plant following a fire incident.
The company reported a consolidated net profit of ₹2,597 crore in Q4FY26, marking a 51% decline from ₹5,284 crore posted in the same period last year. This also marked the second consecutive quarter in which the company reported a year-on-year decline in profit.
However, consolidated revenue from operations rose to ₹78,133 crore from ₹64,890 crore in the year-ago quarter, reflecting a 20.4% increase, driven by a sharp rise in base metal prices, including aluminium and copper. The EBITDA for the fourth quarter stood at ₹11,197 crore, up 9% from the same quarter last year.
The company’s aluminum upstream business posted a record quarterly EBITDA of ₹5,448 crore, up 13%, while the copper business delivered a record EBITDA of ₹907 crore, reflecting a 48% jump.
Hindalco said the Oswego disruption sharply impacted the company’s profitability in the March quarter, though cost-efficiency benefits at Novelis and record quarterly profits from its India business helped offset the impact.
The company added that recorded a 10% improvement in EBITDA per tonne despite lower volumes amid the Oswego disruption, reflecting disciplined cost optimisation measures and the benefit of softer scrap prices.
Meanwhile, the company expects the Oswego plant to restart operations in the next few weeks, while commissioning of the Bay Minette cold mill, which began in March, remains on track for completion in the second half of 2026, as per the company’s earnings filing.
The domestic business maintained its outperformance, delivering its highest-ever quarterly and full-year revenue, EBITDA, and PAT, driven by favourable macro tailwinds. March quarter profit jumped 88% YoY to ₹2,934 crore, while revenue rose to ₹34,244 crore.
Shareholders to receive ₹5 per share dividend
Along with the financial results, the company announced a final dividend of ₹5 per share for FY26 and fixed Friday, July 10, 2026, as the record date to determine eligible shareholders for the dividend payout.
“The Board of Directors recommended a final dividend of ₹5 per equity share of ₹1 each for the financial year ended March 31, 2026, subject to the approval of shareholders at the ensuing Annual General Meeting of the company. The record date for payment of the final dividend is Friday, July 10, 2026,” the company said in its earnings filing.
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