Athira Sethu
Kochi, 20 May 2026
Hindalco Industries is in the spotlight as its subsidiary, Novelis Inc, reported a loss of $84 million for the quarter ending March 31, 2026. The loss came after two fires at its Oswego, New York plant. Despite this, the company’s overall sales grew slightly, thanks to higher aluminium prices. Novelis is focused on fixing the plant, completing a new aluminium facility in Bay Minette, and returning to normal operations soon.
Q4 FY26 Earnings Highlights
| Metric | Result | Change YoY | Notes |
| Adjusted EBITDA | $459 million | -3% | Slight decrease compared to last year |
| Rolled Product Shipments | 844 kilotonnes | -12% | Lower shipments due to Oswego plant disruptions |
| Adjusted EBITDA per tonne | $544 | +10% | Efficiency improvement despite lower shipments |
| Oswego hot mill | Restarting soon | N/A | Ahead of previous June estimate |
Sales Performance
| Metric | This Quarter | Last Year | Change | Notes |
| Consolidated Net Sales | $4,787 million | $4,587 million | +4% | Increase due to higher aluminium prices |
| Total Rolled Product Shipments | 844 kilotonnes | N/A | -12% | Reduced shipments from Oswego fire impact |
