India's Hindalco Industries falls on quarterly profit drop
ReutersFeb 13, 2026 4:45 AM
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)
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