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HINDALCO HINDALCO 12th February 2026Earnings Presentation / Q3 FY26 This is an AI Generated Image Disclaimer: This presentation contains confidential and proprietary information. It is intended solely for the recipient(s) n amed and may not be reproduced, distributed, or disclosed to any other party without the prior written consent of the presenter.
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Safe harbor statement Certain statements in this report may be ‘forward-looking statements’ within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company’s operations include global and Indian demand supply conditions, finished goods prices, feed stock availability and prices, cyclical demand and pricing in the company’s principal markets, changes in Government regulations, tax regimes, economic developments within India and the countries within which the company conducts business and other factors such as litigation and labour negotiations. The company assume no responsibility to publicly amend, modify or revise any forward-looking statement, on the basis of any subsequent development, information or events, or otherwise. Forward-looking statements Hindalco Q3 FY26 – Earnings Presentation 2
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Contents Safety & Sustainability Updates Business Environment Hindalco Q3 FY26 – Earnings Presentation 3 Financial Performance Key Summary
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Safety & Sustainability Updates 4
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Lost Time Injury Frequency Rate (LTIFR) Fatality Zero Harm: Our commitment to health & safety Road safety audits focusing on the prevention of man–machine interface risks are being carried out across all manufacturing units. Hirakud FRP facility won the FICCI Safety Excellence Award – Platinum (First Prize) in the Large-Scale Hazardous Industry category for the year 2024. Hindalco Q3 FY26 – Earnings Presentation 5 0.25 0.21 0.25 0.27 0.22 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Safety & Sustainability Updates Hindalco (India) Business Periods Employee Contractor Q3 FY 25 0 0 Q4 FY 25 0 0 Q1 FY 26 0 1 Q2 FY 26 0 0 Q3 FY 26 0 1
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6 Country 2024 2025* Hindalco Industries Limited India 87 89 Hindalco: Global Sustainability leader S&P Global CSA Score Safety & Sustainability Updates Hindalco Q3 FY26 – Earnings Presentation *Rating for the year 2025 declared as on December 19th 2025 • Environmental : • Achieved 100 percentile on Environmental Policy & Management, Waste & Pollutants, Water, and Biodiversity. • Social : • Achieved 100 percentile on Human Rights, Human Capital Management, and Customer relations • Governance : • Achieved 100 percentile on Transparency & Reporting, Risk and Crisis Management, Business Ethics, Policy Influence, Materiality, Supply Chain Management, and Information Security. Achieved highest ever score and maintains its leadership position in the aluminium industry
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97 98 113 119 126 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 107 117 135 104 126 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Hindalco Q3 FY26 – Earnings Presentation 7 Driving circularity through responsible waste recycling % Recycling of Bauxite Residue (Excluding Utkal) % Recycling of Ash % Recycling of Copper Slag YoY increase in Bauxite Residue recycling, driven by onboarding of new cement companies to buy Bauxite residue and increased customer demand for co-processing by Belagavi Plant, additional demand from NHAI for road projects. 82% of total waste recycled and reused in Q3 FY26, vs 86% in Q3 FY25. YoY decline includes the Phosphogypsum legacy stock having been fully utilized by previous quarter. Utkal has started looking at new avenues of waste utilization. YoY increase in recycling of Copper slag , driven by higher demand by cement, Abrasives and RMCs industries 105 105 98 96 105 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Safety & Sustainability Updates Hindalco (India) Business Ash Recycling % has improved post monsoon and is in line with previous year.
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Conservation of precious water resources Hindalco Q3 FY26 – Earnings Presentation 8 Water savings achieved with COC (Cycles of Concentration) Optimization in cooling tower 47.29 48.40 52.83 47.80 45.45 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Specific freshwater Consumption (m3/T metal) Safety & Sustainability Updates Hindalco (India) Business 10.13 9.80 8.86 9.29 9.69 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Reduction in specific freshwater consumption on account of installation of RO ZLD# Plant & Tube settler and runoff recovery in Hirakud P&S along with CPU (Condensate polishing Unit) in Utkal Cycles of Concentration optimization projects implemented across 11 cooling towers (Aditya, and Hirakud) improved COC from 4 to 6, leading to water savings Aluminium Copper #ZLD: Zero liquid discharge
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Hindalco Q3 FY26 – Earnings Presentation 9 Driving conservation efforts to sustain biodiversity Launched the No Net loss on Biodiversity Project at 350 acres at Belagavi, Karnataka, to restore degraded habitats and agricultural landscapes through community-led, nature-based biodiversity solutions under a robust scientific framework. Safety & Sustainability Updates Hindalco (India) Business In Q3 FY26, 70.3 thousand saplings were planted across mines and plant locations out of which 31.8 thousand saplings were planted at mines (vs. 23.2 thousand in Q3 FY25), strengthening greenbelt coverage, supporting local biodiversity, and enhancing overall environmental quality. Converting 50 hectares of barren coastal land in Gujarat into a new mangrove forest through afforestation of 1.25 lakh mangrove saplings, unlocking significant long-term carbon sequestration potential and enhancing climate and biodiversity resilience—plantation completion targeted by Mar ’26.
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Hindalco Q3 FY26 – Earnings Presentation 10 Steady transition towards greener energy mix Safety & Sustainability Updates Hindalco (India) Business Aluminium Specific GHG Emissions (t CO2e/t) 418 MW • Solar: 288 MW • Wind: 126.4 MW • Hydel: 4 MW Q3 FY26 (Exit) 103.5 MW • Solar: 37.5 MW • Wind: 66 MW • Pumped Storage for RE RTC: 65 MW Q4 FY26 ~522 MW • Solar: ~326 MW • Wind: ~192 MW • Hydel: 4 MW • Pumped Storage for RE RTC: 65 MW FY26 Exit 19.21 19.15 19.37 19.47 19.11 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26
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Economy & Industry Updates
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Economy Updates Global growth expected to maintain a resilient growth trajectory of 3.3% in 2025 and 2026. At the same time, global inflation is projected to continue on its downward path, easing from 4.1% in 2025 to 3.8% in 2026, while rising in the United States due to delayed pass through of higher tariffs and high cost of living. Economy & Industry Updates Hindalco Q3 FY26 – Earnings Presentation 12 6.6 3.8 3.5 3.3 3.3 3.3 CY21A CY22A CY23A CY24A CY25A CY26P 6.4 7.4 7.8 8.1 7.0 6.5 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 E Q4 FY26 E RBI projects Indian GDP to grow at 7.3% in FY26, accelerating from 6.5% in FY25. Inflation is expected to remain benign, easing to 2% in FY26 from 4.6% in FY25. RBI has cumulatively cut rates by 75 bps so far in FY26, while the stance has been retained at neutral, reflecting a balanced approach to supporting sustainable growth while keeping inflation in check. GLOBAL (GDP Growth YoY) INDIA (GDP Growth YoY)
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LME Trends Hindalco Q3 FY26 – Earnings Presentation 13 Aluminium LME ($ / tonne) Economy & Industry Updates 2,399 2,263 2,155 2,190 2,200 2,519 2,383 2,573 2,629 2,447 2,617 2,828 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Market Snapshot: LME trends influenced by fundamentals, policies, sentiment and tariffs Market Supply: Global production: +~2% (CY25 vs CY24) ▪ China: Production increased in Yunnan, and Inner Mongolia offset by Shandong closures ▪ Rest of the Word: Growth is led by capacity mainly in Indonesia, Brazil, and Germany Market Demand: Global consumption: +~2%. (CY25 vs CY24) ▪ China: Growth ln NEV, Consumer Durables, Industrial Machinery offset by weakness in Building & Construction ▪ Rest of the World: Growth led by recovery in Packaging, Construction, and Electrical offset by weakness in Transport Outlook: Global Metal Balance (CY25) at ~0.3 mt deficit. China’s deficit largely offset by Rest-of-World surplus. LME prices stay supported by infrastructure and sustainability demand, supply-side caution, and periodic boosts from policy and investor positioning
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616 684 669 669 612 457 419 445 527 505 309 322 327 447 391 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26E Domestic Scrap Imports Imports Ex. Scrap Hindalco Q3 FY26 – Earnings Presentation 14 Domestic aluminium demand & supply (Kilo Tons) Economy & Industry Updates 1,382 1,425 1,441 1,643 1,508 In Q3 FY26, the total Indian demand is likely to reach 1,508 Kt (up 9%) primarily led by strong demand in Auto
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156 187 170 156 152 158 153 172 187 174 50 37 81 80 76 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26E Domestic Scrap Imports Imports Ex. ScrapDomestic copper demand & supply Hindalco Q3 FY26 – Earnings Presentation 15 (Kilo Tons) Economy & Industry Updates TC/RC Key Macro Drivers (Q3 FY26 vs Q3 FY25) S. Acid Price In Q3 FY26, domestic producer’s demand was up 10% at 401 KT 364 377 423 423 402
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Quarterly Financial Snapshots
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Quarterly Financial Snapshots Revenue EBITDA PATBusiness Segment 8,76266,521 2,049 8,246 58,390 3,735 14% 6% 45% Q3 FY25 (₹ Crore)All Businesses Consolidated Financial Snapshot Q3 FY26 vs Q3 FY25 Hindalco Q3 FY26 – Earnings Presentation 17 Revenue EBITDA PATBusiness Segment 3,10236,663 (1,532) 3,09733,772 850 9% Q3 FY25 (₹ Crore)Novelis Revenue EBITDA PATBusiness Segment 5,66029,858 3,581 5,149 24,618 2,885 21% 10% Q3 FY25 (₹ Crore)Hindalco (India) Businesses 24% =
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Shipments Kt 99 108 9% Revenue ₹ in Cr 3,195 3,909 22% Business Segment EBITDA ₹ in Cr 150 233 55% EBITDA/t $/ton 179 241 35% Quarterly Financial Snapshot- Hindalco (India) Business Particulars UOM Q3 FY25 Q3 FY26 Change YoY Shipments* Kt 120 122 1% *Of which CCR Shipments Kt 95 82 -14% Revenue ₹ in Cr 13,732 18,233 33% Business Segment EBITDA ₹ in Cr 777 595 -23% Shipments Kt 338 345 2% Revenue ₹ in Cr 9,993 10,620 6% Business Segment EBITDA ₹ in Cr 4,222 4,832 14% EBITDA/t $/ton 1,480 1,572 6% Aluminium Downstream Aluminium Upstream Copper Financial Snapshot Q3 FY26 vs Q3 FY25 Hindalco Q3 FY26 – Earnings Presentation 18
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4,741 2,049 10,794 3735 4881* 4051* 10718 12935* Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 P&L : Consolidated Key Metrics Revenue (₹ Crore) Profit Before Exceptional Items (₹ Crore) PAT (₹ Crore) Novelis, Aluminium and Copper Businesses Business Segment EBITDA (₹ Crore) Hindalco Q3 FY26 – Earnings Presentation 19 58,390 66,058 66,521 1,73,606 1,96,811 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 8,246 9,104 8,762 25,388 26,405 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 5,337 6,722 5,439 16,672 17,837 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Consolidated Financial Performance *PAT excluding impact of Tariff & Oswego plant fires. ↑ 14% supported by favorable macros ↑ 6% on account of strong India business performance and resilient Novelis performance Q3FY26 ↑ 2% PAT before Oswego fires impact ↑ 21% YTD supported by an all - time high PAT by India Business
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2.90 2.87 3.21 3.50 3.78 -0.12 (0.40) -0.61 -0.41 -0.03 1.33 1.06 1.02 1.23 1.73 Debt & Leverage Consolidated Debt (₹ Crore) Particulars (Consolidated) 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 Gross Debt 63,696 61,932 63,330 72,670 85,639 Treasury Balance 21,879 26,600 29,074 31,255 26,178 Net Debt 41,818 35,332 34,257 41,415 59,461 TTM Adjusted Segment EBITDA# 31,494 33,419 33,424 33,787 34,405 Novelis Consolidated India Hindalco Q3 FY26 – Earnings Presentation 20 #HIL India EBITDA excludes Other income, CSR and Donation; #Novelis EBITDA represents Business Segment EBITDA Leverage (x) Net Debt to EBITDA (x) 30-December- 2024 31-March- 2025 30-June- 2025 30-September- 2025 30-December- 2025 Consolidated Performance
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Segment wise Performance
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163 -160 99 110 180* 163* 389 439* Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 448 430 437 406 506* 495* 475 487* Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 809 2,713 904 941 881* 2800 2785* Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Adjusted EBITDA# ($ Million) ↓ 3% vs previous year excluding impact of Oswego fire incidents ↑ 19% excluding net impact of Tariffs and Oswego fire incidents Net Income# ($ Million) Adjusted EBITDA# ($/Ton) ↑ 22% excluding net impact of Tariff and Oswego fire incidents ↑ 48% excluding Oswego fires impact Novelis Hindalco Q3 FY26 – Earnings Presentation Operational and Financial Performance Novelis #All the figures mentioned are as per the US GAAP aluminium upstream aluminium downstream copper 22 Total Shipments (Kt) * Excluding estimated net tariff and Oswego fires impact in the current fiscal year 422 348 1186 367 476* 436* 1329 1356* Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26
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Hindalco Q3 FY26 – Earnings Presentation 23 Operational and Financial Performance Hindalco (India) Business novelis Aluminium Upstream aluminium downstream copper Sales Mix (in %) Domestic sales mix ↑ 4% 60% 75% 64% 64% 71% 40% 25% 36% 36% 29% Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Domestic Export Shipments (KT) ↑ 2% backed by strong domestic demand 338 341 345 995 1,011 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 EBITDA ($/Ton) ↑ 6% owing to Strong operational performance and favorable macros 1,480 1,521 1,572 1,369 1,523 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 EBITDA (₹ Crore) ↑ 14% backed by favourable macros leading to margins increase at 45% vs. 42% in Q3 FY25 4,222 4,524 4,832 11,424 13,436 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26
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Product Mix (KT) Extrusion ↑ by 29% supported by strong market demand FRP ↑ by 6% with Aditya FRP ramp up 82 90 87 245 258 17 22 22 53 65 99 113 108 298 324 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 FRP and Foils Extrusion Hindalco Q3 FY26 – Earnings Presentation 24 Operational and Financial Performance Hindalco (India) Business novelis aluminium upstream Aluminium Downstream copper Shipments (KT) Q3FY26 ↑ 9%, in line with growth in domestic demand99 113 108 298 324 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 EBITDA ($/Ton) Q3FY26 ↑ 35%, improved realizations led by change in product mix 179 265 241 166 256 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 EBITDA (₹ Crore) ↑ 55% on account of higher shipments and better mix150 261 233 414 723 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26
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Hindalco Q3 FY26 – Earnings Presentation Operational and Financial Performance Hindalco (India) Business novelis aluminium upstream aluminium downstream Copper Shipments: Metal (KT) Overall shipments ↑ 8% QoQ CC Rod Shipments (KT) ↓ 15% QoQ due to weaker domestic market on account of higher LME & higher channel inventories120 113 122 356 359 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 95 97 82 285 283 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 25 EBITDA (₹ Crore) ↓ 6% QoQ due to lower Tc/Rc and concentrate mix 777 634 595 2411 1902 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 EBITDA ($/Ton) ↓ 14% QoQ due to lower Tc/Rc 766 641 549 808 607 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26
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Key Summary
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Hindalco Q3 FY26 – Earnings Presentation Key Summary Novelis 27 Advancing Aluminium as the material of choice with circular solutions Highly Circular Reach 75% average recycled content across our products Leader in ROIC Grow profitability to continue to fuel first-mover investments Low Carbon Reduce emissions to less than 3 tonnes of CO2e per Tonne of FRP shipped 600 Kt Bay Minnette Expansion on track; expected to commission in H2 CY26; Cold Mill to commission in March 2026 Long-term $600+/ton EBITDA guidance intact, supported by $300M cost savings and Bay Minette ramp-up. Underlying Adjusted EBITDA per tonne remains at ~$500/t excluding impacts of tariffs and Oswego fires incident Oswego Hotmill to restart in late Q1 FY27 By 2030 Guidance and Updates
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Projects Current Status Aditya FRP Scaling-up overall FRP production Battery Enclosure (Chakan) Fully ramped up to its optimal levels Copper Inner Grooved Tubes (Vadodara) Began commissioning AC Fins (Taloja) Began commissioning Projects Target Commissioning Status Captive Coal Mines Chakla – H1FY27 Bandha – FY27 Meenakshi – FY29 Aditya Alumina Refinery FY28 Aditya Aluminium Smelter Ph 1 (181Kt) FY28 Adiitya Aluminium Smelter Ph 2 (193Kt) FY29 Hindalco Q3 FY26 – Earnings Presentation Key Summary Upstream Aluminium Amongst Industry best EBITDA margins in Q3 with costs continue to be in first decile of Global cost curve Aditya Smelter expansion is on track to take the total upstream capacity to 1.71 MT by FY29 Downstream Aluminium; Copper Specialty Alumina; Recycling Projects Target Commissioning Status Aditya Battery Foil Began Commissioning Copper E Waste & Recycling FY27 Copper Smelter FY29 Precipitate Hydrate FY27 Double Down EBITDA - 4x by FY30 28 INDIA BUSINESS KEY PROJECT UPDATES Captive coal mines to lower the upstream cost of production India Business
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HINDALCO THANK YOU Telephone +91 22 6662 6666 E mail: hilinvestors@adityabirla.com Website: www.hindalco.com Subir Sen, Investor Relations Telephone:- 91 22 6947 7000 Website: www.hindalco.com E mail: hindalco@adityabirla.com Registered Office 21st Floor, One Unity Centre, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013 For Further Queries Please Contact : Hindalco Industries Limited Corporate Identity No. : L27020MH1958PLC011238 29
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Annexures 30
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Hindalco Q3 FY26 – Earnings Presentation 31 Consolidated : Key Financials Novelis, Aluminium and Copper Businesses *All the figures mentioned are as per the US GAAP (₹ Crore) Particulars Q3 FY25 Q2 FY26 Q3 FY26 Change YoY % QoQ Change % 9M FY25 9M FY26 Change YoY % Revenue from Operations 58,390 66,058 66,521 14% 1% 1,73,606 1,96,811 13% Earning Before Interest, Tax, Depreciation & Amortisation (EBITDA) Novelis* 3,097 3,685 3,102 0% -16% 11,139 10,344 -7% Aluminium Upstream 4,222 4,524 4,832 14% 7% 11,424 13,436 18% Aluminium Downstream 150 261 233 55% -11% 414 723 75% Copper 777 634 595 -23% -6% 2,411 1,902 -21% Business Segment EBITDA 8,246 9,104 8,762 6% -4% 25,388 26,405 4% Inter Segment Profit/ (Loss) Elimination (Net) (164) (178) (164) (391) (353) Unallocable Income/ (Expense) - (Net) & GAAP Adjustments 26 758 (55) 203 848 EBITDA 8,108 9,684 8,543 5% -12% 25,200 26,900 7% Finance Costs 817 803 881 8% 10% 2,545 2,438 -4% PBDT 7,291 8,881 7,662 5% -14% 22,655 24,462 8% Depreciation & Amortisation (including impairment) 1,955 2,160 2,220 14% 3% 5,986 6,625 11% Share in Profit/ (Loss) in Equity Accounted Investments (Net of Tax) 1 1 (3) 3 - Profit before Exceptional Items and Tax 5,337 6,722 5,439 2% -19% 16,672 17,837 7% Exceptional Income/ (Expenses) (Net) (41) (182) (2,610) (885) (2,792) Profit Before Tax (After Exceptional Item) 5,296 6,540 2,829 -47% -57% 15,787 15,045 -5% Tax 1,561 1,799 780 5,069 4,251 Profit/ (Loss) After Tax 3,735 4,741 2,049 -45% -57% 10,718 10,794 1% EPS (₹/Share) - Basic 16.82 21.35 9.23 48.25 48.61 Note: In Q3FY26 PAT before the impact of the Novelis Oswego plant fires classified in exceptional items is ₹4051 crore up 8% YoY.
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Hindalco Q3 FY26 – Earnings Presentation 32 Hindalco (India) Business : Key Financials (₹ Crore) Particulars Q3 FY25 Q2 FY26 Q3 FY26 YOY Change % QoQ Change% 9M FY25 9M FY26 Change % Revenue from Operations 24,618 25,494 29,858 21% 17% 70,503 80,257 14% EBITDA Aluminium Upstream 4,222 4,524 4,832 14% 7% 11,424 13,436 18% Aluminium Downstream 150 261 233 55% -11% 414 723 75% Copper 777 634 595 -23% -6% 2,411 1,902 -21% Business Segment EBITDA 5,149 5,419 5,660 10% 4% 14,249 16,061 13% Inter Segment (Profit)/ Loss Elimination (Net) (164) (178) (164) (391) (353) Unallocable Income/ (Expense) (Net) (212) (87) (6) (106) 3 EBITDA 4,773 5,154 5,490 15% 7% 13,752 15,711 14% Finance Costs 232 156 253 9% 62% 716 569 -21% PBDT 4,541 4,998 5,237 15% 5% 13,036 15,142 16% Depreciation 615 680 686 12% 1% 1,872 2,182 17% Profit before Exceptional Items and Tax 3,926 4,318 4,551 16% 5% 11,164 12,960 16% Exceptional Income/ (Expenses) (Net) - - - - - Profit Before Tax (After Exceptional Item) 3,926 4,318 4,551 16% 5% 11,164 12,960 16% Tax 1,041 1,259 970 3,472 3,474 Profit/ (Loss) After Tax 2,885 3,059 3,581 24% 17% 7,692 9,486 23%
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Hindalco Q3 FY26 – Earnings Presentation 33 Aluminium (India) Business : Sales Reconciliation Hindalco (India) Business Aluminium Sales Reconcilation Particulars (in Kt) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Upstream - Sales Third Party (A) 247 227 244 708 690 Intersegment Sales 91 113 101 287 321 Total Upstream Shipments 338 341 345 995 1,011 Downstream Third Party Sales (B) 99 113 108 298 324 Total Third Party Sales (A)+(B) 346 340 352 1,006 1,013
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Hindalco Q3 FY26 – Earnings Presentation 34 Operational and Financial Performance Hindalco (India) Business Alumina(Incl Utkal)* (KT) Q3FY26 in line with previous year 979 926 969 2,906 2,853 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Alumina Production Trend • Production at Utkal Alumina refinery was at 664 KT in Q3 FY26, ↑ 2% *Hydrate as Alumina
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Hindalco Q3 FY26 – Earnings Presentation 35 Operational and Financial Performance Hindalco (India) Business Production Trends Aluminium Downstream# (KT) Aluminium Upstream (KT)1 Q3FY26 ↑ 13%Q3FY26 in line with previous year Copper Rods (KT)1,2Copper Cathode (KT) Q3FY26 ↓ 9%Q3FY26 in line with previous year 334 336 337 993 1,005 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 101 116 115 306 335 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 102 107 103 291 312 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 123 122 112 359 368 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 #includes Flat Rolled Products & Extrusions 1 : The numbers of prior quarters have been re-instated accordingly for a comparative analysis 2:including fixed term contract volumes
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Q3 FY26 : Hindalco Earnings ConcallDetails Hindalco Q3 FY26 – Earnings Presentation 36 Earnings Conference Call is scheduled at 7:00 PM (IST) on Feb 12, 2026. The dial in numbers for the call are given below Location: ACCESS NUMBER Universal Access (India) Primary Number (+) 91 22 6280 1303 Secondary Number (+) 91 22 7115 8204 International Toll Free Numbers USA (+) 1 866 746 2133 UK (+) 080 810 11573 Singapore (+) 800 101 2045 Hong Kong (+) 800 964 448 Online Pre-Registration Link Click here Investor Presentation post announcement of the results (link) Reports and Presentations – Hindalco Post Earnings Call Recording (link)