EL7.AI
StocksMedium•6 November 2026•
3 min read

Hindalco posts record second-quarter profit as aluminum prices rise and production increases

Key Facts

1The second quarter included an exceptional gain of 284 crore rupees, compared with an exceptional loss of 182 crore rupees in the corresponding period.
2Net profit grew by more than 47% year on year excluding non-recurring items.
3Insurance recoveries related to the Oswego fires reached 519 million dollars by the end of the second quarter of fiscal 2027.
4The shares fell 0.5% to 932.7 rupees at 2 p.m. India time on November 6.

Hindalco reported its strongest quarterly performance in its history on November 6, 2026, and Managing Director Satish Pai said revenue and profit exceeded their previous record levels. The announcement covered results for the second quarter of fiscal 2027, running from July to September, according to the company’s investor page. Reuters attributed the increase in profit to improved aluminum prices and higher production. Coverage pointed to contributions from the aluminum and copper businesses, without attributing operating growth to any one segment alone. The record results put the breadth of operating activity at the center of the story, alongside the effect of an exceptional item related to insurance compensation.

Reported net profit included an exceptional gain of 284 crore rupees in the second quarter of fiscal 2027. In the corresponding period of fiscal 2026, the company recorded an exceptional loss of 182 crore rupees. Excluding non-recurring items, net profit grew by more than 47% year on year, according to Economic Times coverage. This measure highlights continued profit growth even after excluding the effect of the difference in exceptional items between the two periods. The exceptional gain is linked to insurance recoveries for a fire at the company’s U.S. facility, Reuters reported.

Reuters said Hindalco cited an exceptional gain of 2.84 billion rupees from insurance recoveries for the fire at its U.S. facility. Novelis said total insurance recoveries related to the Oswego fires that occurred in 2025 reached 519 million dollars by the end of the second quarter of fiscal 2027. These figures show the connection between the compensation reflected in Hindalco’s results and the Oswego fire. On operational developments, Novelis said the cold rolling mill in Bay Minette produced its first coil in September. This was among the key updates the company included in its materials for the quarter.

In the market, Hindalco shares were down 0.5% at 932.7 rupees per share at 2 p.m. India time on November 6, according to Moneycontrol. This snapshot reflects the share price at a specific time during the trading session after the results announcement and does not indicate the closing price. The market move coincided with the publication of the second-quarter results that day. The company’s investor page said the second-quarter results, for the period from July to September, were published on November 6. The development of the Bay Minette mill and the insurance recoveries remain among the key details related to the period reported by the company.