Hindalco shares fall 3% despite strong quarterly profit growth
Hindalco's net profit rose 58.8% in the July-September quarter, but shares slipped on expected higher costs in Indian aluminium and coal.
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what happened
Shares of Hindalco Industries fell about 3% intraday on Monday, November 9, even though the company reported strong results for the July-September quarter of fiscal 2026-27 (Q2 FY27). TradingView, citing PTI, reported the move. Consolidated net profit climbed 58.8% year on year to Rs 7,533 crore, revenue reached Rs 92,651 crore and EBITDA rose 42%. The copper business posted its highest-ever quarterly EBITDA, and Novelis also improved.
Management warned of higher costs in the Indian aluminium segment. Managing director Satish Pai said production costs would run about 5% higher in the third quarter because of expensive coal, easing in the fourth quarter as fuel supply improves in northern India.
why it matters
Investors are focused mainly on near-term cost pressure rather than the headline numbers. Brokerages largely kept positive ratings, with CLSA, JPMorgan and Motilal Oswal all staying bullish. Aluminium price reversal from a peak of $3,850 to $3,100 a tonne, as noted by Motilal Oswal, also adds pressure on margins for producers in the second half.
market impact
Hindalco and aluminium producers: higher coal costs pressure margins in the second half
- Hindalco shares mixed — strong profit supports the stock, but higher third-quarter costs weigh on it
tags
instruments
sources
- Hindalco shares drop 3% post-Q2 results; check what brokerages say — TradingView, 9 November 2026 at 05:30 UTC
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