The company’s revenue from operations grew 14% YoY to Rs 66,521 crore in Q3FY26, versus Rs 58,390 crore in the October-December period of FY26.
The world’s largest aluminium producer reported a steeper sequential drop of 57% in profit after tax (PAT) compared to Rs 4,741 crore reported in Q2FY26. Meanwhile, the topline increased marginally by 0.7% versus Rs 66,058 crore in the July-September quarter of FY26.
Consolidated PAT before exceptional items stood at Rs 4,051 crore, rising 8% YoY. The company reported an exceptional item of Rs 2,610 crore.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 8,543 crore, up 5%.
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Segment-wise Q3 performance
Novelis. The revenue stood at $4.2 billion, up 3%, driven by higher metal prices. The adjusted EBITDA stood at $348 million, down 5% due to the impact of lower volumes, tariffs and disruption due to Oswego fires.
The company said that its Bay Minette and other strategic investments projects are advancing well and Oswego plant will restart hot mill in Q1FY27.
Aluminium upstream
Quarterly upstream revenue stood at Rs 10,620 crore, up 6%. The aluminium Upstream EBITDA at Rs 4,832 crore, up 14%, driven by higher volumes and
realisations. Aluminium upstream EBITDA per tonne stood at $1,572, up 6%, with margins of 45%.
Aluminium downstream
Sales of aluminium downstream stood at 108 KT, up 9% with downstream revenue at Rs 3,909 crore, up 22%.
The aluminium downstream EBITDA was reported at Rs 233 crore, up 55% on account of higher shipments and favourable product mix.
Copper
Copper metal sales stood at 122 KT, up 1%. The Copper Continuous Cast Rod (CCR) sales stood at 82 KT, down 14% due to due to weaker domestic market on account of higher LME and higher channel inventories. Revenue stood at Rs 18,233 crore, up 33%, due to higher copper prices.