Hindalco Shares Plunge 5.5% on Q3 Net Profit Drop, Leads Metal Index Decline

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Hindalco Shares Plunge 5.5% on Q3 Profit Drop, Metal Index Declines

Hindalco Industries shares falls 5.5% on drop in Q3 net profit; lead losses on metal index

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Moneycontrol•13-02-2026, 16:13

Hindalco Shares Plunge 5.5% on Q3 Profit Drop, Metal Index Declines

•Hindalco shares fell 5.5% to Rs 909 after a 45% year-on-year Q3 profit decrease.
•Profit drop attributed to expenses from fire disruptions at its US unit, Novelis.
•Hindalco led losses on the Nifty Metal index, which was down nearly 3%.
•Citi cut Hindalco to "neutral" due to Novelis disruption and rising net debt.
•Motilal Oswal maintains 'buy' rating, citing strong domestic business offsetting muted Novelis profitability.

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