India's Hindalco Industries falls on quarterly profit drop

HindalCo Industries

13/02/2026 04:45

** Hindalco Industries' HALC.NS shares fall about 5% to 915.80 rupees vs Nifty Metal's .NIFTYMET 3% rise

** Aditya Birla Group-owned metals producer reported 45% Q3 profit drop y/y, driven by expenses linked to fire-related disruptions at U.S. unit Novelis

** Citi (cuts to "neutral", 1,000 rupees) says Novelis disruption, higher cash flow impact and rising net debt offset structural aluminium upcycle despite stable India upstream performance

** CLSA ("outperform", 964.30 rupees) also points to weaker Novelis earnings, higher costs, negative hedging impact

** Stock rated "hold" on average by 28 analysts, median PT at 875 rupees  - LSEG-compiled data

** HALC up about 8.8% so far in 2026 vs sub-index 6.6% rise

($1 = 90.6550 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))